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
To learn more about the compounded continuously visit:
brainly.com/question/16731646.
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The total tip is 15.72
The cost of dinner with the discount is 66.85 (rounded to the nearest cent)
66.85 + 15.72 = 82.57
Total distance covered by <span>George and Carmen
</span>x + y = 350
And they biked 80 kilometers more than they bussed
<span>80 + y = x </span>
Putting the value of x=80 + y in <span>x + y = 350:
</span>We get:
<span>80 + y + y = 350 </span>
<span>2y = 270 </span>
<span>y = 135 km</span>
<span>Substituting y = 135 in x + y = 350 </span>
<span>x + 135 = 350</span>
<span>x = 215 km </span>
Thus George and Carmen biked for 215 km and bussed for 135 km.
Step-by-step explanation:
please re ask question. its unvalid and please simplfy it
