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Gnoma [55]
3 years ago
14

What is 4000×1mil I'm stuck on it

Mathematics
2 answers:
Ilia_Sergeevich [38]3 years ago
8 0
4000 mil, 4000x1 = 4000. You may have made a typo.
IRINA_888 [86]3 years ago
5 0

according to goo.gle:

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Answer:

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The formula for continuous compounding of interest is:

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Here we have  $2109 = $500e^(10r) and need to solve for r.

To do this, take the natural log of both sides, obtaining:

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The interest rate was 14.39%.

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