The plot shown below describes the relationship between student scores on the first exam in a class and their corresponding scor
1 answer:
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Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is .
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is
(a) From the information given
Applying the above formula we get that
The future value after 9 years is $7142.49.
(b) The effective rate is given by
Therefore,
(c) To find the time to reach $13,000, we must solve the equation
Hi there!
To get the answer to this question, let's divide the diameter of the Earth by the diameter of Mercury.
We can change this to
Let's solve for each individual fraction
≈ 0.27
= 10
Now, multiply.
0.27 * 10 = 2.7
That's your answer.
Have an awesome day/night! :)
~collinjun0827, Junior Moderator
To get the answer to this question, let's divide the diameter of the Earth by the diameter of Mercury.
We can change this to
Let's solve for each individual fraction
Now, multiply.
0.27 * 10 = 2.7
That's your answer.
Have an awesome day/night! :)
~collinjun0827, Junior Moderator
