Answer:
9.6
Step-by-step explanation:
The solution for that proplem is X=4,1
18 +6x = 48
6x= 48-18
6x=30
X= 30\6
X=5
The slope is 1 whole and a 1/3. (1.3 recurring)
Answer:
9%
Step-by-step explanation:
Given that
The invested amount is $1,000
The future value is $2,400
The time period is 12 years
We need to find out the annual rate that compounded continously
So,
As we know that
Amount = Present value × e^(rate × time)
$2,500 = $1,000 × e^(rate × 12)
2.5 = e^(rate × 12)
ln 2.5 = 10r
ln 2.5 ÷ 10 = r
r = 9%
