3. Jasper estimates her car expenses at about $7 650.00 per year. How much

Mathematics

1 answer:

Dafna11 [192]3 years ago

7 0

Answer:

637.50

Step-by-step explanation:

7,650.00 per year divided by 12 months equals 637.50

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Step-by-step explanation:

Recall the formula for continuously compounded interest:

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Notice also that even that the final amount we want to get is three times $48,000. So our formula becomes:

$3\,*\,48,000=\,48,000\,\,e^{0.031\,*t}\\\frac{3\,*\,48,000}{48,000} =e^{0.031*t}\\3=e^{0.031*t}$

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