Answer:
I don't know bro actually which question ❓
Answer:
It'll take 38.3 years to obtain the desired return of $25,000.
Step-by-step explanation:
In order to solve a continuosly coumponded interest question we need to apply the correct formula that is given bellow:
M = C*e^(r*t)
Where M is the final value, C is the initial value, r is the interest rate and t is the time at which the money was applied. Since he wants an return of $25,000 his final value must be the sum of the initial value with the desired return. So we have:
(25000 + 8000) = 8000*e^(0.037*t)
33000 = 8000*e^(0.037*t)
e^(0.037*t) = 33000/8000
e^(0.037*t) = 4.125
ln[e^(0.037*t)] = ln(4.125)
t = ln(4.125)/(0.037)
t = 1.4171/0.037 = 38.2991
t = 38.3 years
Answer:
21
Step-by-step explanation
3 Units x 7 Units = 21 Square Units
Answer:
93
Step-by-step explanation:
The mean of a list of numbers is the sum of the numbers divided by the count of the numbers in the list.
In this case, representing the eighth score with x, the mean is (611+x)/8
Solving for the mean:
88=(611+x)/8
Multiply both sides by 8
8*88=611+x
704=611+x
704-611=x
x=93
