Answer:
13.86
Step-by-step explanation:
formula for cont. compounding interest is
Amount = Principal * e^rt
in this case the principal is 5000, and the amount is 10000 (double). the rate is 5% or 0.05. and t is what we are solving for.
sub in to get:
10000 = 5000e^0.05t
2 = e^0.05t
now convert to log form.
ln 2 = 0.05t
ln 2 / 0.05 = t
punch that into your calculator and you get 13.86 years
I think c .. I already took a course .. and the test had that question.. I cant remember the answer though
Answer:
$111222.02
Step-by-step explanation:
This year = Last year * (100%-9%)
This year = 122222 * 91% = 111222.02
Answer:
18pi units³ or 56.5 units³ (3 sf)
Step-by-step explanation:
pi×r²×h - (4/3)(pi×r³)
r = 3 h = 2r = 6
pi(3²×6 - (4/3)(3³))
18pi units³
Answer:
1.36 miles per min
Step-by-step explanation: