Answer: the interest rate is 6%
Step-by-step explanation:
The formula for continuously compounded interest is
A = P x e (r x t)
Where
A represents the future value of the investment after t years.
P represents the present value or initial amount invested
r represents the interest rate
t represents the time in years for which the investment was made.
e is the mathematical constant approximated as 2.7183.
From the information given,
A = $4482
P = 1000
t = 25 years
Therefore,
4482 = 1000 x 2.7183^(r x 25)
4482/1000 = 2.7183^25r
4.482 = 2.7183^25r
Taking ln of both sides, it becomes
Ln 4.482 = 25rLn2.7183
1.5 = 25r
r = 1.5/25 = 0.06
r = 0.06 × 100 = 6%
I8,000 I hope I could help! Now ace that assignment!
5x -2y = 26. We know that x = y + 4. Substitute the value of x in and you get 5y + 20 - 2y = 26 If yous simplify this you get 3y + 20 = 26
Take away 20 from both sides and you end up with 3y = 6
Now did use both sides by 3
You end up with y = 2
Now to find x you just simplify the value of y into x = y + 4. You end up with x = 2 + 4. Now you know that y = 2 and. X = 6
Answer:
2/5
Step-by-step explanation:
5/5 = full job
3/5 = done
full job - done = remaining
5/5 job - 3/5 job
= 2/5 (remaining)
3/11 as a decimal is .27 repeating that means it has a line over the two and the seven but if you want to round it would be .3
