Answer:
A university president's salary for 2012-2013 academic year was $452,000. Calculate his 2013-2014 salary if he received a 2.8% raise
452,000×1.028=464,656
Answer:
D) y=0.75x+1
Step-by-step explanation:
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


25 points is the same integer
1.1 = 110% hope this helps!