Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above and solve for t
Simplify
Apply ln both sides
Remember that
so
Answer: 2.95x+39.95(12)
Step-by-step explanation:
Hi, to answer this question we have t write an expression with the information given:
The yearly cost for x movie rentals is equal to : the product of the cost of each movie (2.95) and the number of movies (x) ;plus the product of the monthly fee (39.95) and the number of months in a year (12)
Mathematically speaking:
2.95x+39.95(12)