Answer:
It would take 5.9 years to the nearest tenth of a year
Step-by-step explanation:
The formula of the compound continuously interest is A = P , where
- A is the value of the account in t years
- P is the principal initially invested
- e is the base of a natural logarithm
- r is the rate of interest in decimal
∵ Serenity invested $2,400 in an account
∴ P = 2400
∵ The account paying an interest rate of 3.4%, compounded continuously
∴ r = 3.4% ⇒ divide it by 100 to change it to decimal
∴ r = 3.4 ÷ 100 = 0.034
∵ The value of the account reached to $2,930
∴ A = 2930
→ Substitute these values in the formula above to find t
∵ 2930 = 2400
→ Divide both sides by 2400
∴ =
→ Insert ㏑ in both sides
∴ ㏑() = ㏑()
→ Remember ㏑() = n
∴ ㏑() = 0.034t
→ Divide both sides by 0.034 to find t
∴ 5.868637814 = t
→ Round it to the nearest tenth of a year
∴ t = 5.9 years
∴ It would take 5.9 years to the nearest tenth of a year
Answer:
I think it’s c
Step-by-step explanation:
Answer:
1.1 R5.83
1.2 R70.01
1.3 58.34%
Step-by-step explanation:
Given that he buys a pack of 12 racing cars for R49,99 then the unit cost for a car which is the total cost divided by the number of cars in a pack
= R49,99/12
= R4.17
If each car is sold for R10 then the profit made on each car which is the difference between the cost and the selling price
= R10 - R4.17
= R5.83
The profit margin on one pack of 12 racing cars
Profit margin is the ratio of the profit to the total selling price
The total profit (profit on one pack of 12 racing cars)
= R5.83 * 12
=R70.01
Total selling price = R10 * 12
=R120
Margin = R70.01 / R120
= 58.34%
Answer:
-22.25
Step-by-step explanation:
-31.7+4.5(2.1)
-31.7+9.45
-22.25