If the price of gas is $3.56 a gallon how much will it cost to fill a 15 gallon tank
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Using the interest formulas, it is found that the values of the investment are given as follows:
- Using simple interest, the value will be of $34,000.
- Using compound interest, the value will be of $144,461.
- Using continuous compounding, the value will be of $148,002.
Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
In this problem, we have that the parameters are as follows:
P = 9000, r = 0.07, t = 40.
Hence:
n is the number of compounding, for quarterly n = 4, then:
Hence:
More can be learned about the interest formulas at brainly.com/question/25296782
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Answer:
<h2>x = 5√3 inches</h2>Step-by-step explanation:
Since the triangle is a right angled triangle we can use Pythagoras theorem to find the missing side x
Using Pythagoras theorem we have
where a is the hypotenuse
Substitute the values into the above formula
The hypotenuse is 10 inches
We have
We have the final answer as
<h3>x = 5√3 inches</h3>Hope this helps you