Answer:
85.4054%
Step-by-step explanation:
3.16/3.7 × 100
Divide.
0.854054 × 100
Multiply.
= 85.4054
It would be equal to 110 2/7
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 and solve for t
Simplify
Apply ln both sides
Remember that
so
We know from the slope intercept form that y=mx+b so the y intercept is 12 while every hour the cost goes up by 8