the answer is B. Subtract the total for the turkey from the beef.
Given:
$600 principal
8% rate = 8/100 = 0.08
3 years time
Solving for A:
A = P⋅e^rt
where:
A is the amount
P is the principal
e is the mathematical constant
r is the rate of interest
t is the time in years
A = P⋅e^rt
= 600⋅e^(0.08⋅3)
= 600(2.718281828459045)^(0.24)
A = $762.70
$600 compounded continuously at a rate of 8% for 3 years will yield a final amount of $762.70
Answer: b
Step-by-step explanation:
best sample
Answer:
This problem requires us to calculate, the value of investment after 10 and 25 years, and also tell the time after which intial investment amount will double. Investment rate and initial investment amount is given in the question.
Value of investment after 10 year = 600(1+8%)^10 = $ 1,295
Value of investment after 25 year = 600(1+8%)^25 = $ 4,109
Time after which investment amount double (n)
1200 = 600 (1.08)^n
Log 2 = n log 1.08
n = 9 years
