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.
Answer:
$10.50
Step-by-step explanation:
We can make an equation
2.50+2x=?
x=4 because we are riding 4 miles.
so it's 2.5+2*4=?
let's solve
2.5+8=$10.50
You have to find out what x is because x is an imaginary number
We are required to find the total sum of money given the fraction
The total sum of money is $9
let
<em>Total sum of money</em> = x
<em>8 1/3 of x = $75</em>
8 1/3 × x = $75
25/3 × x = 75
25/3x = 75
Divide both sides by 25/3
x = 75 ÷ 25/3
x = 75 × 3/25
x = (75 × 3) / 25
x = 225 / 25
x = 9
Therefore, the total sum of money is $9
Read more:
brainly.com/question/9017965
Answer:
84 cookies
Step-by-step explanation:
First, find the amount she bakes per minute. It is given that Marissa bakes 30 cookies every 15 minutes, or:
30 cookies/15 minutes = 2 cookies/minute.
Marissa bakes 2 cookies per minute. Multiply 2 with 42 minutes to find the total cookies baked in 42 minutes:
42 x 2 = 84
84 cookies is your answer.
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