Answer:
Hi! The correct answer is $75 for 20 hours.
Step-by-step explanation:
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Answer:
6/5 is the lowest term.
Step-by-step explanation:
Answer:
Step-by-step explanation:
1) Mark two points on the line in the graph.
2) Determine the rise and run. Rise ---> difference in y-coordinates. (y2-y1)
Run -----> difference in x-coordinates (x2 - x1)
3) Plugin the values in the below mentioned formula.

1.If slope = 0, then the line is parallel to x-axis.
2. If slope is undefined, then the line is parallel to y-axis.
3. If slope is +ve, then the line slant upwards and if slope = -ve, then the line slant downwards.