Give the equation for each of the following statements.
1 answer:
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Answer:
12 fish and puppies
Step-by-step explanation:
There is 1 fish for every 3 puppies. So that is 4 animals in 1 "set".
We have "sets", which means 4 sets.
4 fish per "set" and 3 "sets" means there are
4 × 3 or 12 fish and puppies.
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.