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insens350 [35]
3 years ago
7

Please help me with question 9 please

Mathematics
1 answer:
bazaltina [42]3 years ago
3 0

Answer:

22(12) - 18

Step-by-step explanation:

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c) If an initial investment of $ 35,000 grows to $257,000 in 15 years, what annual interest rate, continuously compounded, was e
castortr0y [4]

Answer: 13.29%

Step-by-step explanation:

The formula to calculate the compound amount (compounded continuously) is given by :-

A=Pe^{rt}, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.

Given : P= $ 35,000 , A=  $257,000 and t=15 years

To find : r , we substitute all the values in the above formula , we get

257000=(35000)e^{15r}\\\\\Rightarrow\ e^{15r}=\dfrac{257000}{35000}\\\\\Rightarrow\ e^{15r}=7.3428

Taking natural log on both the sides , we get

15r=\ln(7.3428)\\\\\Rightarrow\ 15r=1.9937\\\\\Rightarrow\ r=\dfrac{1.9937}{15}0.132913333333\approx0.1329=13.29\%

Hence, the annual interest rate = 13.29%

6 0
3 years ago
There is some evidence suggesting that you are likely to improve your test score if you rethink and change answers on a multiple
kiruha [24]

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Step-by-step explanation:

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3 years ago
A roll of tape has a circumference of 19 centimeters. The circumference decreases 4 centimeters after you use some of the tape.
olga_2 [115]

Answer:

4.77 cm correct to the nearest hundredth.

Step-by-step explanation:

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2 years ago
A circle has a diameter of 26 units. What is the area of the circle to the nearest hundred of a square unit?
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Step-by-step explanation: The diameter of the circle has been given as 26. That makes the radius 13, that is;

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Area = pi x r^2

Where pi is 3.14 and r is 13,

Area = (3.14) x 13^2

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Approximately to the nearest hundred of a square unit,

The area of the circle is 530 square units

5 0
3 years ago
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