1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Orlov [11]
3 years ago
5

$7450 is invested at 8.0% compounded continuously. How long will it take for the balance to reach $14900? Round your answer to t

wo decimal places, if necessary.
Mathematics
1 answer:
irina [24]3 years ago
4 0

Answer:

  8.66 years

Step-by-step explanation:

The formula for the value (A) of an investment (P) compounded continuously at annual interest rate r for t years is ...

  A = P·e^(rt)

Filling in the given values, we can solve for t:

  14900 = 7450e^(0.08t)

  2 = e^(.08t) . . . . . divide by 7450

  ln(2) = 0.08t . . . .  take the natural log

  t = ln(2)/0.08 ≈ 8.66

It will take about 8.66 years for the balance to reach $14900.

You might be interested in
<img src="https://tex.z-dn.net/?f=8x%20%2B%204%20%3D%205x%20-%2011%20" id="TexFormula1" title="8x + 4 = 5x - 11 " alt="8x + 4 =
Anon25 [30]
8x + 4 = 5x - 11

Subtract 5x from both sides:
3x + 4 = -11

Subtract 4 from both sides:
3x = -15

Divide both sides by 3:
x = -5

Answer : x = -5
7 0
3 years ago
Haley and her family went on a vacation. To get to the beach, they drove for 3 hours
-Dominant- [34]

Answer:

it took longer to get to the beach

Step-by-step explanation:

they drove to the beach for 3 hours and 25 minutes and it took 55 minutes less to get home

5 0
3 years ago
Read 2 more answers
(HELP ILL GIVE BRAINLY PLEASE)
andreyandreev [35.5K]

Answer:

4 is 2059

5 is 6xy^2

Step-by-step explanation:

8 0
3 years ago
A farmer grows two types of grain in his fields. He has a seed budget of $17,000.00 and has spent $9,200.00 to plant wheat seed
Helen [10]
Okay so first you have to subtract 17000 from 9200 to see how much money you have left to spend. Then once you get that number, which is 7800, you have to see what's that maximum number of acres that you can get. So you divide 7800 from 41.00 and you can get your answer. Your answer will be 190 acres. 190 acres is the highest you can go without going over budget.
8 0
3 years ago
solve each equation below for the given variable. Please explain how u got ur answer:) a. 4x/5=x-2/7 b. -3(2b-7)= -3b+21-3b c.6-
nadya68 [22]
This is a answer of question A

3 0
3 years ago
Other questions:
  • Invests 5000 dollars. Pays 5.25% monthly
    9·1 answer
  • The sum of two numbers is 35. Three times the larger number is the same as 4 times the smaller number. Find the smaller number
    12·1 answer
  • Marla did 65 sit ups each day for 1 week. Use the distributive property to show an expression u can use to find the total number
    8·1 answer
  • Identify the minimum value of the function y = 3x2 − 12x + 10.
    8·1 answer
  • The inequality 94 – 3 log2x ≤ 88 describes noise exposure level (in decibels) in terms of the number of hours, x, it takes to re
    14·2 answers
  • .
    11·1 answer
  • A principal spent $7 on c calculators for her school. Which expression shows the total cost of the calculators?
    8·1 answer
  • Xy=80 solve log x- log y=1
    14·1 answer
  •  A barber has already cut for peoples hair today. Every 10 minutes another person comes to the Barber to get a haircut. Write
    14·1 answer
  • Assuming the weights are in kilograms, what is the mystery weight of y? use the equation you created in part a to find the solut
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!