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photoshop1234 [79]

3 years ago

8

Help me plzzzzzzzzzz

1 answer:

Sphinxa [80]3 years ago

4 0

This is the answers

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Howie wants to get a $250 loan with a simple interest rate of 4%.

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a

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Step-by-step explanation:

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Compound interest In Exercise,$3000 is invested in an account at interest rate r,compounded continuously.Find the time required

xenn [34]

Answer:

(a) 8.15

(b) 12.92

Step-by-step explanation:

Given: P = $3000, r = 0.085

$A = Pe^{rt}$

Where

A is the Amount

P is the Principal

r is the rate

t is the time

(a) For the amount to double, A = 2 × P

A = 2 × $3000

A = $6000

$6000 = 3000e^{0.085t}$

$\frac{6000}{3000} = e^{0.085t}$

$2 = e^{0.085t}$

Take $log_{e}$ of both sides

$log_{e}2 = log_{e}e^{0.085t}$

But $log_{e}e = 1$

∴ $ln2 = 0.085t$

$t = \frac{ln2}{0.085}$

$t = \frac{0.693}{0.085}$

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(b) For the amount to double, A = 3 × P

A = 3 × $3000

A = $9000

$9000 = 3000e^{0.085t}$

$\frac{9000}{3000} = e^{0.085t}$

$3 = e^{0.085t}$

Take $log_{e}$ of both sides

$log_{e}3 = log_{e}e^{0.085t}$

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$t = \frac{ln3}{0.085}$

$t = \frac{1.0986}{0.085}$

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Which of the following is equivalent to? 19

11Alexandr11 [23.1K]

Answer:

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Step-by-step explanation:

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