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Ivahew [28]
3 years ago
13

An investment of P dollars increased to A dollars in t years. If interest was compounded continuously, find the interest rate. (

Round your answer to the nearest whole number.)
A = 4482, P = 1000, t = 25
Mathematics
1 answer:
Gemiola [76]3 years ago
5 0

Answer: the interest rate is 6%

Step-by-step explanation:

The formula for continuously compounded interest is

A = P x e (r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

r represents the interest rate

t represents the time in years for which the investment was made.

e is the mathematical constant approximated as 2.7183.

From the information given,

A = $4482

P = 1000

t = 25 years

Therefore,

4482 = 1000 x 2.7183^(r x 25)

4482/1000 = 2.7183^25r

4.482 = 2.7183^25r

Taking ln of both sides, it becomes

Ln 4.482 = 25rLn2.7183

1.5 = 25r

r = 1.5/25 = 0.06

r = 0.06 × 100 = 6%

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hope it helps !

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DerKrebs [107]

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\displaystyle\int_C\vec F(x,y)\cdot\mathrm d\vec r=\int_0^1\vec F(x(t),y(t))\cdot\frac{\mathrm d\vec r(t)}{\mathrm dt}\,\mathrm dt

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4 0
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Answer:

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6 0
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muminat
See photo for drawing. 
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7 0
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