Answer:
60 is the best answer for this question
Answer:
B you need to plug it in the calculator
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


61/4 % converted into a decimal is 15.25
Answer:
<u>There are 200 animals, and the cost is $8,000 daily</u>
Step-by-step explanation:
y=f(x) represents the cost in thousands
x is the number of animals measured in hundreds
so the point (2,8) means
x = 2
y = f(2) = 8
so it means for 2*100=200 animals, the cost is 8*1000=8 000
The correct answer is then
There are 200 animals, and the cost is $8,000 daily
hope this helps