Answer:
5.93 years
Step-by-step explanation:
The continuous compounding formula tells you the amount after t years will be ...
A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years
7400 = 5500e^(0.05t)
ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs
t = 20×ln(74/55) ≈ 5.93
It will take about 5.93 years for $5500 to grow to $7400.
Answer: P = $ 1,998.01
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 24%/100 = 0.24 per year,
putting time into years for simplicity,
1 months ÷ 12 months/year = 0.083333 years,
then, solving our equation
P = 39.96 / ( 0.24 × 0.083333 ) = 1998.007992032
P = $ 1,998.01
The principal required to
accumulate interest of $ 39.96
on a rate of 24% per year for 0.083333 years (1 months) is $ 1,998.01.
2 1/4 hours=2.25 hours
ran 13 miles in 2.25 hours, so I just need to take 13 miles divided for 2.25 which equal 5 7/9. As a result, my average speed is 5 7/9 miles per hour. Hope it help!
Answer:
f(2) =30
Step-by-step explanation:
f(1)=15
f(n)=f(n-1)*n
Put in n=2
f(2)=f(2-1)*2
= f(1) *2
= 15*2
=30
