Here is the interest equation: I=prt
Where I is interest, p is principal, r is rate and t is time(in years).
Substitute with known values.
I= prt
I= 10000(.05)(1 and 1 over 4)
I= 625
Answer: $625 for 15 months.
There is something called a calculator
"Interpret the rate of change and the y-intercept.
"
Rate of change is 5. Each ticket costs 5$.
Y-intercept is (0,-17). They spent $17 on supplies before they sold tickets.
(Sorry, you probably already know the answer)
Answer:
It takes 22.52 years for the balance to triple in value.
Step-by-step explanation:
Continuous compounding:
The amount of money earned using continuous compounding is given by the following equation:

In which A(0) is the initial amount of money and r is the interest rate, as a decimal.
Interest rate of 5%.
This means that
, and thus:



Time for the balance to triple?
This is t for which
. So







It takes 22.52 years for the balance to triple in value.