Answer:
<em>L = 24,873.6 miles</em>
Step-by-step explanation:
<u>Length of the Circumference</u>
Given a circle of radius r, the length of the circumference, or line surrounding the shape is:
The Earth has a diameter of 7,917.5 miles. The radius is half the diameter:
r=7,917.5/2=3,958.75 miles
Assuming a plane flies around the equator at ground level, the distance it would travel is:
L = 24,873.6 miles
Answer:
see the explanation
Step-by-step explanation:
we know that
step 1
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Applying property of exponents
step 2
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Applying property of exponents
step 3
Compare the final amount
therefore
Find the difference
----> Additional amount of money you would have in your pocket if you had used a continuously compounded account with the same interest rate and the same principal.