Helen drives 195miles in 3 hours what is her average speed in mph
2 answers:
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a)
his income must be "x" which is the 100%, and we would know that 0.2% of that is 12.37.
b)
his income must be "x" which is the 100%, and we would know that 2% of that is 12.37.
btw he's not making much either way.
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.