70+3
20+3
______
9
+ 21
60
140
_______
230
73
x 23
____
230
Answer:
-1
Step-by-step explanation:
1-2=-1
y=mx+b
b= y intercept
We have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years. The formula is: A = P * ( 1 + r )^t, where A = $41,000, r = 0.023 and t = 17. 41,000 = P * ( 1 + 0.023 ) ^17; 41,000 = P * ( 1.023 )^17; 41,000 = P * 1.4719; P = 41,000 : 1.4719; P = 27,855.15. Answer: It has to be invested <span>$27,855. </span>
