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taurus [48]
3 years ago
13

Translate this sentence into an equation. The product of Rita's savings and 9 is 153. Use the variable r to represent Rita's sav

ings
Mathematics
1 answer:
Mila [183]3 years ago
4 0
The equation: 9r = 153
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Tom's stockbroker offers an investment that is compounded continuously at an annual interest rate of 3.7%. If Tom wants a return
Anettt [7]

Answer:

It'll take 38.3 years to obtain the desired return of $25,000.

Step-by-step explanation:

In order to solve a continuosly coumponded interest question we need to apply the correct formula that is given bellow:

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Where M is the final value, C is the initial value, r is the interest rate and t is the time at which the money was applied. Since he wants an return of $25,000 his final value must be the sum of the initial value with the desired return. So we have:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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