Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get
Taking natural log on both the sides , we get
Hence, the annual interest rate = 13.29%
Answer:
Step-by-step explanation:
We first have to write the equation for the sequence, then finding the first five terms will be easy. Follow the formatting:
and we are given enough info to fill in:
and
and
or in linear format:
where n is the position of the number in the sequence. We already know the first term is -35.
The second term:
so
and
The third term:
and
so
and we could go on like this forever, but the nice thing about this is when we know the difference all we have to do is add it to each number to get to the next number.
That means that the fourth term will be -27 + 4 which is -23.
The fifth term then will be -23 + 4 which is -19. You can check yourself by filling in a 5 for n in the equation and solving:
and
so
Answer:
Option:
Step-by-step explanation:
<u>Looking for key words in the problem:</u>
"At Most" represents important key words, meaning the maximum amount of hotdogs that are at the barbecue.
<u>Inequality:</u>
h 16 represents the maximum amount of hotdogs that has to be at the barbecue, also represents less than 16 can be cooked.