The Answer To This Would 1 : 10 Because You Have To Divide Both By 4 So 4 Divided By 4 Gives You 1 And 40 Divided By 4 Gives You 10
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Answer:
A or 53 squared
Step-by-step explanation:
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
solve for t
simplify
Apply ln both sides
![ln(2)=ln[(e)^{0.036t}]](https://tex.z-dn.net/?f=ln%282%29%3Dln%5B%28e%29%5E%7B0.036t%7D%5D)
Applying property of exponents
![ln(2)=[0.036t]ln(e)](https://tex.z-dn.net/?f=ln%282%29%3D%5B0.036t%5Dln%28e%29)
Remember that ln(e) =1
![ln(2)=[0.036t]](https://tex.z-dn.net/?f=ln%282%29%3D%5B0.036t%5D)
![t=ln(2)/[0.036]](https://tex.z-dn.net/?f=t%3Dln%282%29%2F%5B0.036%5D)
Answer: No, the money won't be enough to buy the car
Step-by-step explanation:
you plan on buying yourself a new $20,000 car on graduation day and graduation day is 24 months time. If you invest $300 a month for the next 24 months.
The principal amount, p = 300
He is earning 4% a month, it means that it was compounded once in four months. This also means that it was compounded quarterly. So
n = 4
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for a total of 24 months. This is equivalent to 2 years. So
n = 2
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount that would be compounded at the end of n years.
A = 300(1 + (0.04/4)/4)^4×2
A = 300(1 + 0.01)^8
A = 300(1.01)^8
A = $324.857
The total amount at the end of 24 months is below the cost of the car which is $20000. So he won't have enough money to buy the car
7k/3 = 21
x 3 x3
7k = 63
/7 /7
k = 9
(7(9)/3 = 21 = 63/3 = 21 = 21 = 21)
