Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
We know, equation of ellipse is given by :
Here,
(h,k) is centre of the ellipse = (0,0).
a = major axis = 8.
b = minor axis = 4.
Putting all given value in above equation, we get :
Hence, this is the required solution.
Answer:
13
Step-by-step explanation:
, if x = -1
Number 1 is twenty and number two is fifty six
Answer:
-2 and 2
Step-by-step explanation: just did the problem
