Answer:
It'll take 7.5967 years to have $300 on that account.
Step-by-step explanation:
This problem involves a compounded interest compounded continuously, so in order to solve it we must use the formula for those cases as shown below:
M = C*e^(i*t)
Where M is the final value, C is the initial capital, i is the interest rate and t is the total time. We have:
300 = 250*e^(0.024*t)
e^(0.024*t) = 300/250
e^(0.024*t) = 1.2
0.024*t = ln(1.2)
t = ln(1.2)/0.024 = 7.5967
It'll take 7.5967 years to have $300 on that account.
Answer:
all work is shown and pictured
Answer:
1. 15
2. 8
Step-by-step explanation:
The two sequence are geometric progression GP, because they follow a constant multiple (common ratio)
The nth term of a GP is;
Tn = ar^(n-1)
Where;
a = first term
r = common ratio
For the first sequence;
The common ratio r is
r = T3/T2 = 540/90 = 6
r = 6
T2 = ar^(2-1) = ar
T2 = 90 = ar
Substituting the values of r;
90 = a × 6
a = 90/6
a = 15
First term = 15
2. The sam method applies here.
Common ratio r = T3/T2 = 128/32 = 4
r = 4
T2 = ar^(2-1) = ar
T2 = 32 = ar
Substituting the values of r;
32 = a × 4
a = 32/4
a = 8
First term = 8
Answer:
The answer is either (3) or (4) because drawing a line of best fit and finding its gradient is going to give you a negative answer
