Answer:
It will take an interest rate of 8.1% to get 150% of the initial investment in just 5 years.
Step-by-step explanation:
Use the formula for continuous compounding
where r stands for the (annual) interest rate, t for time in years, P for the initial principal (investment) and X is the amount after t years.
(this formula can be beautifully derived from just basic considerations, btw)
We are given t=5, and percent increase on the initial P, so we can solve for r
It will take an interest rate of 8.1% to get 150% of the initial investment in just 5 years.
Answer:
24
Step-by-step explanation:
Answer: 231,469.335
Step-by-step explanation:
A)48
Explanation:
2^3 - 2^2 = 8 - 4 = 4
3^3 - 3^2 = 27 - 9 = 18
4^3 - 4^2 = 64 - 16 = 48
5^3 - 5^2 = 125 - 25 = 100
6^3 - 6^2 = 216 - 36 = 180
7^3 - 7^2 = 343 - 49 = 294
8^3 - 8^2 = 512 - 64 = 448
Answer:
m=-1 I think thats the right answer