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babymother [125]
2 years ago
7

Lillian is going to invest in an account paying an interest rate of 5.7% compounded continuously. How much would Lillian need to

invest, to the nearest ten dollars, for the value of the account to reach $7,600 in 7 years?
Mathematics
1 answer:
gogolik [260]2 years ago
3 0

Answer:

$5,155.7

Step-by-step explanation:

Using the compound interest formula;

Amount = 7600

Time = 7years

Rate = 5.7% = 0.057

Required

Principal

Substitute

A = P(1+r)^n

7600 = P(1+0.057)^7

7600 = P(1.057)^7

7600 = 1.4741P

P = 7600/1.4741

P = 5,155.69

Hence Lilian would need to invest $5,155.7 (to nearest ten dollars)

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Answer:

S is closest to B.

Step-by-step explanation:

Given a directed line segment from point A to B.

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Point Q divides the line A to B in a ratio 4:3.

Point R divides the line A to B in a ratio 2:5.

Point S divides the line A to B in a ratio 5:2.

To find:

The point which is closest to the point B.

Solution:

Here, to find the point closest to B we need to find the distances PB, QB, RB and SB.

We can see the sum of ratio 3:4, 4:3, 2:5 and 5:2 is 7.

Let the distance between A and B be 7 units.

Now, the distances can be found easily.

PB = \dfrac{4}{7}\times 7 = 4\ units

QB = \dfrac{3}{7}\times 7 = 3\ units

RB = \dfrac{5}{7}\times 7 = 5\ units

SB = \dfrac{2}{7}\times 7 = 2\ units

The point which has the minimum distance from point B, will be nearest to B.

We can clearly observe that SB is the minimum distance.

Therefore, <em>S is closest to B</em>.

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  • Step-by-step explanation:

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