For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
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The solution for the problem is:
I will first get the first five terms so that I could easily locate the third term of this problem:So, substituting the values:
T(1) = 1^2 = 1T(2) = 2^2 = 4T(3) = 3^2 = 9T(4) = 4^2 = 16T(5) = 5^2 =25
So the third terms is T(3) = 3^2 = 9
Answer:
120 kids prefer video games
Step-by-step explanation:
60% is .60
multiply .60 by 200 to get your answer.
.60 × 200 = 120
4 hours for short or 4.333 hours
