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deff fn [24]
3 years ago
5

How long does it take for a deposit of $900 to double at 2% compounded continuously?

Mathematics
1 answer:
nydimaria [60]3 years ago
4 0

9514 1404 393

Answer:

  • 34.6574 years
  • 34 years, 239.94 days

Step-by-step explanation:

For continuous compounding the "rule of 69" applies. That is the doubling time can be found from ...

  t = 69.3147/r . . . . where r is the interest rate in percent.

Here, r=2, so ...

  t = 69.3147/2 = 34.6574 . . . years

That's 34 years and 240 days.

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Margaret [11]

Answer:

336.7 yards away from the cabin....

Step-by-step explanation:

The angle 30.7° is also the angle of the upper interior angle of the triangle (near the cabin)

Use the tan function:

opposite = 200 yards

adjacent = x

tan(30.7°) = (opposite / adjacent)

tan(30.7°) = 200 yards/x

x * tan(30.7°) = 200 yards

x = 200 yards/ tan(30.7°)

x= 200/ 0.594

x = 336.7 yards.

336.7 yards away from the cabin....

8 0
3 years ago
How much would $200 invested at 7% interest compounded annually be worth after 5 years? Round your answer to the nearest cent. D
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The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation,
                                      F = P x (1 + i)^n
Substituting the known values,
                                      F = ($200) x (1 + 0.07)^5 = $280.51
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6 0
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416/8 long division
Ganezh [65]
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In the derivation of the formula for the volume of a cone, the volume of the cone is calculated to be times the volume of the py
scZoUnD [109]

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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