Answer:
It takes 22.52 years for the balance to triple in value.
Step-by-step explanation:
Continuous compounding:
The amount of money earned using continuous compounding is given by the following equation:
In which A(0) is the initial amount of money and r is the interest rate, as a decimal.
Interest rate of 5%.
This means that , and thus:
Time for the balance to triple?
This is t for which . So
It takes 22.52 years for the balance to triple in value.
Answer:
2
Step-by-step explanation:
First thing you gotta do is find the common denominator.
Do this by listing factors of the denominators:
5- 5, 10, 15, 20, 25, 30
6- 6, 12, 18, 24, 30, 36
5 and 6 both have 30 in common so that's the new denominator for all 3 of the terms.
What you do to the bottom you must do to the top.
Since you multiply 5 by 6 to get 30, you must multiply 2 and 4 by 6 as well.
Since you multiply 6 by 5 to get 30, then multiply 5 by 5 as well.
The new equation is:
+
+
=
Now add the numerators together
The solution is . Now simplify. 61 is prime, so you cannot change the fraction How many times does 30 go into 61? Two times. This gives us 2
.
Answer:
5 pounds
Step-by-step explanation:
Given that:
Amount of gift card = $80
Cost of coffee per pound = $8.24
Amount left in the card = $38.80
To find:
Number of pounds of coffee bought = ?
Solution:
Let the number of pounds of the coffee bought = pounds
Cost of 1 pound = $8.24
Cost of pounds = $8.24
Writing the equation as per question statement:
Therefore, 5 pounds of coffee was bought.