Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
Answer:
22.75 minutes or 22 minutes 45 seconds
Step-by-step explanation:
Okay, this is a working together question. Let’s walk through it together!
Firstly, let’s say the total volume of the swimming pool is x sq.meters
Now, the rate of the smaller hose would be x/65 while that of the larger will be x/35
Now, their combined rate would be x/65 + x/35 = 100x/2275
Now, since the volume is x, the time taken is simply, the volume divided by the joint rate. That is mathematically equal to x divided by 100x/2275
x * 2275/100x = 2275/100 = 22.75 minutes or 22 minutes 45 seconds
Answer:
slope=1/3
Step-by-step explanation:
the equation is in slope-intercept form (y=mx+b) and m always equals slope in that equation, so in your equation m=1/3, so slope=1/3
<span>If dog food costs $2 a pound and Cara buys 9 pounds, her expenditure on dog food is 9 x 2. This makes $18. If she has a total budget of $25 and spends $18 on dog food, she has $7 left over for treats (25 - 18 = 7). At $1 each, she can buy up to 7 treats.</span>
