1) Since this is a Continuously Compounded operation in a 10 yrs period, then we can write out the following equation:
2) Plugging into the equation the given data and since Otto is 20 yrs old and he plans to get $4,000 in ten years, we can write out:
3) Thus the rate Otto needs is
Note that since the 0.1386 the six here is greater than 5 then we can round up to the next thousandth, in this case: 0.139. For the 0.1386 is closer to 0.139 (0.004) than to 0.138 (0.006).
Or 13.9%
Answer:
Step-by-step explanation:
(-9-7)/(0-1)= -16/-1= 16
y - 7 = 16(x - 1)
y - 7 = 16x - 16
y = 16x - 9
Answer:
The value of the Rational expression when is:
Step-by-step explanation:
For this exercise is important to remember:
- When a negative number is raised to an even power, the result will be positive.
- The multiplication of signs:
Then, given the following Rational expression:
You need to follow these steps in order to find its value when :
1. Substitute the given value of "x" () into the expression:
2. Evaluate and simplify: