Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
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Answer:
x = -12.5
Step-by-step explanation:
Solve : -2x - 10 =15
-2x - 10 = 15
-2x = 15 + 10
-2x = 25
x = -25/2
x = -12.5
Answer:
5/24
Step-by-step explanation:
Answer:
x = 1.434 and x=0.232
Step-by-step explanation:
To find the root of the equation stated above we need to:
(1) Write the polynomial equation with zero on the right hand side:
⇒ 
(2) Divide the whole equation by 3
⇒ 
(3) Use the quadratic formula to solve the quadratic equation:
The quadratic formula states that the two solutions for a quadratic equation is given by:
(1)
In this case, a = 1, b = 
Substituiting a, b and c in equation (1) We get:
(1)
The two solutions are:
x = 1.434 and x=0.232
The answer is 340.687 liters