What is the total amount for an investment of $1000 invested at 7.25% for 15 years and compound continuously?
1 answer:
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
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Answer:
Graph the equation is shown below.
Step-by-step explanation:
The linear equation representing the relation between cost of ordering a pizza and the number of additional toppings is:
Here,
<em>y </em>= cost of the pizza
<em>x</em> = number of toppings
The graph of the linear equation is shown below.
Consider the point (2, 10.25).
When <em>x</em> = 2 compute the value of <em>y</em> as follows:
The point (2, 10.25) satisfies the equation.
Again consider a point (18, 18.25).
When <em>x</em> = 18 compute the value of <em>y</em> as follows:
The point (18, 18.25) satisfies the equation.
The two points are also plotted on the graph.
