Answer:
a
Step-by-step explanation:
Answer:
Therefore the value of bond will triple after 17.72 years.
Step-by-step explanation:
The formula of Compounded continuously

A= Amount after t year
P= initial amount
r = rate of interest
t= time in year.
Given that,
Jacobs college saving are invested in bond that pay 6.2% compounded continuously.
Let after t years the initial amount P will be triple i.e 3P.
Here P=P, A=3P, r= 6.2%=0.062

[ Multiply
both sides]
Taking ln both sides

[ since
]

years
Therefore the value of bond will triple after 17.72 years.
It is the fourth graph the numbers are 24
Answer:
$1,272
Step-by-step explanation:
Just add 1,200 (how much she borrowed) and 6/100*1200 (6 percent of 1200) and you will get the answer of $1,272