Using the interest formulas, it is found that the values of the investment are given as follows:
- Using simple interest, the value will be of $34,000.
- Using compound interest, the value will be of $144,461.
- Using continuous compounding, the value will be of $148,002.
<h3>Simple Interest</h3>
Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- r is the interest rate, as a decimal.
In this problem, we have that the parameters are as follows:
P = 9000, r = 0.07, t = 40.
Hence:
<h3>Compound interest</h3>
n is the number of compounding, for quarterly n = 4, then:
<h3>Continuous compounding</h3>
Hence:
More can be learned about the interest formulas at brainly.com/question/25296782
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Answer:
Option C The parties with a larger number of customers are associated with the longer times elapsed until the party left the restaurant.
Step-by-step explanation:
The correlation coefficient 0.78 shows that positive association between two variables number of customers and elapsed time until party left restaurant.
The positive association means that as the number of customers in a party increases the elapsed time also increase. So, we can say that the parties with a larger number of customers are associated with the longer times elapsed until the party left the restaurant.
Answer:
CRINGE
Step-by-step explanation:
Ok ngl BIG BIG CRINGE
Answer:
The 2nd one
Step-by-step explanation:
16/5 is roughly equal to 3.2. Is that what your are asking?
