Answer:
Time t = 15 years
Step-by-step explanation:
Interest = 892.50
Principal = 1400
Rate = 4.25%
Time = unknown
But
interest I = Principal p * rate r * time t
Time t = interest I/(principal P * rate r)
Time t=( 892.50*100)/(1400*4.25)
Time t=89250/5950
Time t = 15 years
2,3,7,and 5 are the factors
Answer:
$ 20,189.65
Step-by-step explanation:
Jake's parents want $100,000 at the end of 40 years. They put their money in an account that yields 4% per year compounded continuously. How much money should jakes parents deposit?
From the above question, we are to find the Principal. The formula for Principal compounded continuously =
P = A / e^rt
Where:
A = Amount after time t = $100,000
r = Interest rate = 4%
t = Time in years = 40 years
First, convert R percent to r a decimal
r = R/100
r = 4%/100
r = 0.04 per year,
Then, solve our equation for P
P = A / e^rt
P = 100,000.00 / e ^(0.04×40)
P = $ 20,189.65
Therefore, the amount Jake's parents should invest = $ 20,189.65
Odds of spinning green are 1/5
