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qwelly [4]
3 years ago
6

Charles invests $425 in a savings account that pays interest at an annual rate of 4 percent, compounded continuously. Approximat

ely how much time will it take for his investment to double?
Mathematics
1 answer:
Ira Lisetskai [31]3 years ago
5 0

Answer: it will take 17.33 years to double.

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,

P = 425

A = 2 × 425 = 850

r = 4% = 4/100 = 0.04

Therefore,

850 = 425 x 2.7183^(0.04 x t)

850/425 = 2.7183^(0.04t)

2 = 2.7183^(0.04t)

Taking ln of both sides, it becomes

Ln 2 = 0.04t ln 2.7183

0.693 = 0.04t

t = 0.693/0.04

t = 17.325

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Dora earns an annual salary of $85,608. How much does she earn every month. A.$6,144. B. $7,134. C.$7,144. D. $7,234
Jet001 [13]
Hi let me help you out there 
There are 12 months in a year 
$85,608 is the amount she earns in a year 
you do 
85,608 divided by 12 since there are 12 months in a year
85,608 divided by 12= $7,134
The answer is B

hope this helps 
3 0
4 years ago
Read 2 more answers
g The tangent plane to z=f(x,y) at the point (1,2) is z=5x+2y−10. (a) Find fx(1,2) and fy(1,2). fx(1,2)= Number fy(1,2)= Number
murzikaleks [220]

Answer:

The values for Fx(1,2) and Fy(1,2) are 5 and 2 respectively.

Approximation at points (1.1,1.9) is 0.7

Step-by-step explanation:

Given:

Tangent plane to  a surface z=5x+2y-10 as the function at point (1,2)

To find :

f(x,y) at (1,2)

partial derivatives of function w.r.t. (x and y) and value of that function at given points.

Solution:(refer the attachment also)

Now we know that

the equation of tangent plane at given points to the surface is given by,

f(x1,y1,z1) and z=f(x,y)

z-z1=Fx(x1,y1)*(x-x1)+Fy(x1,y1)*(y-y1)

here Fx(x1,y1) and Fy(x1,y1) are the partial derivatives of x and y.

now

taking partial derivative w.r.t. x we get

Fx(x1`,y1)=\frac{d}{dx} (5x+2y-10)

=5.

Then w.r.t y we get

Fy(x1,y1)=

\frac{d}{dy}(5x+2y-10)

=2.

The values for Fx(1,2) and Fy(1,2) are 5 and 2 respectively.

Using the Linearization or linear approximation we get

L(x,y)=f(x1,y1)+Fx(x,y)*(x-x1)+Fy(x,y)(y-y1)

=-1+5(x-1)+2(y-2)

=5x+2y-10

Approximation at F(1.1,1.9)

=5(1.1)+2(1.9)-10

=5.5+3.8-10

=0.7

Approximation at points (1.1,1.9) is 0.7

6 0
3 years ago
21 devided by 1.2<br> (Explained)
rewona [7]

The answer would be 17.(

7 0
3 years ago
Read 2 more answers
Use the compound interest formulas A = Pert and A = P(1 + ) to solve. Suppose that you have $11,000 to invest. Which investment
gulaghasi [49]

Answer:

Continuously

Step-by-step explanation:

Compounded continuously:

A = Pe^(rt)

A = 11,000 e^(0.0625 × 10)

A = 20,550.71

Compounded semiannually (twice per year):

A = P(1 + r)^t

A = 11,000 (1 + 0.063/2)^(2×10)

A = 11,000 (1 + 0.0315)^20

A = 20,453.96

3 0
4 years ago
Katie has 36 coins in her jar (nickels, dimes, and quarters) totalling $4.20. She has twice as many dimes as quarters. How many
Diano4ka-milaya [45]

Answer:

I think you need to mutply those. And you will get your answer.

Step-by-step explanation:

4 0
3 years ago
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