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sesenic [268]
3 years ago
9

Peoples Bank offers 8% compounded continuously on CDs What amount invested now grow to 100,000 in 25 years Hint the continuous c

ompounding formula
Mathematics
1 answer:
sleet_krkn [62]3 years ago
3 0

Given:

Rate of interest = 8% compounded continuously.

Amount = 100,000

Time = 25 years

To find:

The principal value.

Solution:

Formula for amount after continuous compound interest:

A=Pe^{rt}

Where, A is amount, P is principal, r is the rate of interest and t is the number of years.

Putting A=100000, r=0.08, t=25 in the above formula, we get

100000=Pe^{0.08(25)}

100000=Pe^{2}

\dfrac{100000}{e^{2}}=P

\dfrac{100000}{7.389056}=P

On further simplification, we get

P\approx 13533.528

Therefore, the amount 13533.528 is invested.

You might be interested in
Divide the following polynomials, then place
Alex777 [14]

Answer:

Two solutions were found :

x =(-2-√24)/2=-1-√ 6 = -3.449

x =(-2+√24)/2=-1+√ 6 = 1.449

Step-by-step explanation:

Step  1  :

Equation at the end of step  1  :

 ((3x2 +  7x) -  18) -  (x - 3)  = 0

Step  2  :

Step  3  :

Pulling out like terms :

3.1     Pull out like factors :

  3x2 + 6x - 15  =   3 • (x2 + 2x - 5)

Trying to factor by splitting the middle term

3.2     Factoring  x2 + 2x - 5

The first term is,  x2  its coefficient is  1 .

The middle term is,  +2x  its coefficient is  2 .

The last term, "the constant", is  -5

Step-1 : Multiply the coefficient of the first term by the constant   1 • -5 = -5

Step-2 : Find two factors of  -5  whose sum equals the coefficient of the middle term, which is   2 .

     -5    +    1    =    -4

     -1    +    5    =    4

Observation : No two such factors can be found !!

Conclusion : Trinomial can not be factored

Equation at the end of step  3  :

 3 • (x2 + 2x - 5)  = 0

Step  4  :

Equations which are never true :

4.1      Solve :    3   =  0

This equation has no solution.

A a non-zero constant never equals zero.

Parabola, Finding the Vertex :

4.2      Find the Vertex of   y = x2+2x-5

Parabolas have a highest or a lowest point called the Vertex .   Our parabola opens up and accordingly has a lowest point (AKA absolute minimum) .   We know this even before plotting  "y"  because the coefficient of the first term, 1 , is positive (greater than zero).

Each parabola has a vertical line of symmetry that passes through its vertex. Because of this symmetry, the line of symmetry would, for example, pass through the midpoint of the two  x -intercepts (roots or solutions) of the parabola. That is, if the parabola has indeed two real solutions.

Parabolas can model many real life situations, such as the height above ground, of an object thrown upward, after some period of time. The vertex of the parabola can provide us with information, such as the maximum height that object, thrown upwards, can reach. For this reason we want to be able to find the coordinates of the vertex.

For any parabola,Ax2+Bx+C,the  x -coordinate of the vertex is given by  -B/(2A) . In our case the  x  coordinate is  -1.0000  

Plugging into the parabola formula  -1.0000  for  x  we can calculate the  y -coordinate :

 y = 1.0 * -1.00 * -1.00 + 2.0 * -1.00 - 5.0

or   y = -6.000

Parabola, Graphing Vertex and X-Intercepts :

Root plot for :  y = x2+2x-5

Axis of Symmetry (dashed)  {x}={-1.00}

Vertex at  {x,y} = {-1.00,-6.00}

x -Intercepts (Roots) :

Root 1 at  {x,y} = {-3.45, 0.00}

Root 2 at  {x,y} = { 1.45, 0.00}

Solve Quadratic Equation by Completing The Square

4.3     Solving   x2+2x-5 = 0 by Completing The Square .

Add  5  to both side of the equation :

  x2+2x = 5

Now the clever bit: Take the coefficient of  x , which is  2 , divide by two, giving  1 , and finally square it giving  1

Add  1  to both sides of the equation :

 On the right hand side we have :

  5  +  1    or,  (5/1)+(1/1)

 The common denominator of the two fractions is  1   Adding  (5/1)+(1/1)  gives  6/1

 So adding to both sides we finally get :

  x2+2x+1 = 6

Adding  1  has completed the left hand side into a perfect square :

  x2+2x+1  =

  (x+1) • (x+1)  =

 (x+1)2

Things which are equal to the same thing are also equal to one another. Since

  x2+2x+1 = 6 and

  x2+2x+1 = (x+1)2

then, according to the law of transitivity,

  (x+1)2 = 6

We'll refer to this Equation as  Eq. #4.3.1  

The Square Root Principle says that When two things are equal, their square roots are equal.

Note that the square root of

  (x+1)2   is

  (x+1)2/2 =

 (x+1)1 =

  x+1

Now, applying the Square Root Principle to  Eq. #4.3.1  we get:

  x+1 = √ 6

Subtract  1  from both sides to obtain:

  x = -1 + √ 6

Since a square root has two values, one positive and the other negative

  x2 + 2x - 5 = 0

  has two solutions:

 x = -1 + √ 6

  or

 x = -1 - √ 6

Solve Quadratic Equation using the Quadratic Formula

4.4     Solving    x2+2x-5 = 0 by the Quadratic Formula .

According to the Quadratic Formula,  x  , the solution for   Ax2+Bx+C  = 0  , where  A, B  and  C  are numbers, often called coefficients, is given by :

                                   

           - B  ±  √ B2-4AC

 x =   ————————

                     2A

 In our case,  A   =     1

                     B   =    2

                     C   =   -5

Accordingly,  B2  -  4AC   =

                    4 - (-20) =

                    24

Applying the quadratic formula :

              -2 ± √ 24

  x  =    —————

                   2

Can  √ 24 be simplified ?

Yes!   The prime factorization of  24   is

  2•2•2•3

To be able to remove something from under the radical, there have to be  2  instances of it (because we are taking a square i.e. second root).

√ 24   =  √ 2•2•2•3   =

               ±  2 • √ 6

 √ 6   , rounded to 4 decimal digits, is   2.4495

So now we are looking at:

          x  =  ( -2 ± 2 •  2.449 ) / 2

Two real solutions:

x =(-2+√24)/2=-1+√ 6 = 1.449

or:

x =(-2-√24)/2=-1-√ 6 = -3.449

Two solutions were found :

x =(-2-√24)/2=-1-√ 6 = -3.449

x =(-2+√24)/2=-1+√ 6 = 1.449

Processing ends successfully

<h3>plz mark em as brainliest :)</h3>
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Joyce is helping her aunt creat craft kits. Her aunt has 138 pipe cleaners, and each kit will include 6 pipe cleaners. What is t
Setler79 [48]
They put 138 into groups of 6, so divide 138 by 6.

138/6

23 craft kits.

Hope this helps! :D
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DanielleElmas [232]

Answer: look at the photo

Step-by-step explanation:

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Help me please thank you
docker41 [41]

After I read the equation, I remembered that anything to the power of 1 is itself. so f(x)=2-9

2-9= -7

therefore, f(x)= -7

if x=1, then the f(x) must be Y

<u><em>therefore, your answer should be y= -7</em></u>

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Step-by-step explanation:

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