Answer:
B. Step 4 is incorrect , it should be
Step-by-step explanation:
6x-1= -2x+9
Step 1
Collect like terms and change signs if you move anything from one side to the other; 6x+2x = 9+1
Step 2: Add like terms on both sides
8x = 10
Step 3: To remain with just x on one side, divide both sides by 8 and it becomes;
The two 8s cancel each other and you remain with
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.