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3 years ago

5

Jace invested $65,000 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals

are made, how long would it take, to the nearest year, for the value of the account to reach $93,400?

1 answer:

Tomtit [17]3 years ago

7 0

Answer:

15 years

Step-by-step explanation:

93400=65000*e^(.025x)

x=14.5 which rounds to 15

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Read 2 more answers

What is PA <br> Enter your answer in the box

SSSSS [86.1K]

Answer:

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Step-by-step explanation:

P is the in-center

⇒PA=PE=PD because they are in-radius of the in-circle

We know that, tangent segments drawn from a point outside the circle are always equal in length

⇒DK=EK=7.2

In right triangle PKE,

using Pythagoras' Theorem : $PK^{2}=PE^{2}+KE^{2}$

⇒ $PE^{2}=PK^{2}-KE^{2}$

⇒ $PE=\sqrt{PK^{2}-KE^{2} }$

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