<span>it depends how the interest is calculated, but there's not much of a difference
assuming its continuously compouned, you use this formula: A(t)=Pe^(rt), where A is the final amount, P is the initial investment, r is the interest, and t is the time in years
you want to find t such that A(t)=18,600 so 18,600=1000e^(.0675t)
you need to use logarithm to figure it out, take the natural log of both sides
the following properties will come into use:
ln(a*b)=ln(a)+ln(b)
ln(a^b)=bln(a)
ln(e)=1
taking the natural log
ln(18,600)=ln(1000e^(.0675t))
ln(18,600)=ln(1000)+ln(e^.0675t)
ln(18600)=ln(1000) + .0675t
now solve for t: t= (ln(18600)-ln(1000))/.0675
t=43.31</span>
7/9% is not 7/9 of 1, it's 7/9 of 0.01.
So, it is 0.0078
Hope this helps!
Answer:
The better but is 3 for $3.33
12 for $13.32
Step-by-step explanation:
3.33/3 = 1.11
2.68/2 = 1.34
The better buy is 3 for $3.33
1.11 x 12 = 13.32
1.34 x 12 = 16.08
Answer:
1.1352 L
Step-by-step explanation:
L = qt 1.0567
qt = 0.946 L
1:4 = 5
0.946/5 = 0.1892 L one part
0.1892 x 11 = 2.0812 11 parts as 1+10 =11
Answer therefore is subtracting 5 from 11 parts to get the final 6 parts added = 2.0812 - 0.946
= 1.1352 L
