Answer: I think the answer is n = 1.
Okay, let me explain:
Take 6% of 3000 and add it to 3000. So basically turn the 6% into a decimal which would be 0.06, and multiply the 3000 by it. So, 3000 x 0.06 which equals 3,180. I hope this time it helped :) message me if you need further instructions.
B or E are most likely the answer but I’m not too sure
Answer:
Start by breaking the radicand into assumed positive values.
Simplify.
Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get
Taking natural log on both the sides , we get
Hence, the annual interest rate = 13.29%