1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zysi [14]
3 years ago
10

Hector invests $10,000 at age 21. He hopes the investments will be worth $150,000 when he turns 50. If the interest compounds co

ntinuously, approximately what rate of growth will he need to achieve his goal? Write your answer as a percentage rounded to one decimal place.
Mathematics
1 answer:
Slav-nsk [51]3 years ago
5 0

Answer:

9.33%

Step-by-step explanation:

Step one:

given

Principal= $10,000

Final amount = $150,000

time = 50-21= 29 years

Required

The rate

Step two:

to solve for the rate we can apply the formula for rate as

r = ln(A/P) /t

r= ln(150000/10000)/29

r= ln(15)/29

r=2.7080502011/29

r=0.0933

r= 0.0933*100

r= 9.33%

You might be interested in
What is MN?<br> Question 10 options:<br><br> 36<br><br><br> 23<br><br><br> 6<br><br><br> 4
vova2212 [387]

Answer:

I got 23 so I am not sure sorry

7 0
3 years ago
Cardinal Corporation, a calendar year taxpayer, receives dividend income of $250,000 from a corporation in which it holds a 10%
Nitella [24]
I think the answer is a but I’m not for sure
8 0
3 years ago
Find the distance between each pair of points. round your answer to the nearest tenth, if necessary. (-8, -5), (-4, 3)
Anuta_ua [19.1K]
The answer would be 8.9
8 0
3 years ago
Betsy drove from london to wolverhampton.it took her 2.5 hours at an average speed of 56 miles per hour.Mac drove the same journ
sergiy2304 [10]

Answer:

44.8 mph

Step-by-step explanation:

Betsy drove from london to wolverhampton.it took her 2.5 hours at an average speed of 56 miles per hour.Mac drove the same journy by motor bike.It took him 2 hours.Assuming that both took the same route,work out Mac's average speed in mph.

The above question is solved using Proportion method

2.5 hours = 56 mph

2 hours = x mph

Cross Multiply

2.5 hours × x mph = 2 hours × 56 mph

x mph = 2 hours × 56 mph/2.5 hours

x mph = 44.8 mph

Therefore, Mac's average speed = 44.8 mph

4 0
3 years ago
If you answer it correctly I will give 100 points and give brainliestSolve for the variable in the following proportion.
Blababa [14]

12...................

5 0
3 years ago
Other questions:
  • Which two temperatures have a sum of 0 degrees Celsius?
    11·1 answer
  • 587 to 1 significant figure​
    9·1 answer
  • 5. One teacher and 23
    5·1 answer
  • A suburban high school has a population of 1376 students. The number of students who participate in sports us 649. The number of
    8·1 answer
  • Can someone please help me with this ( -1) + (+8)
    10·2 answers
  • On Monday, Jill used 12 quart of paint in 34 hour. On Tuesday, Jill was distracted by texting and used 12 quart of paint in 54 h
    12·1 answer
  • Pls help I’ll brainlest ASAP pls
    12·1 answer
  • Adalyn used 2.5 yards of fabric to make 3 decorative pillows. If she makes 12 pillows, how many yards of fabric will she need?
    15·1 answer
  • Can you solve... 4(-6g-10h)+3h-4(-3h-10g)
    13·1 answer
  • Kathy has $2.10 in her pocket. She only has two different types of coins. She has the same number of each coin. What kinds of co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!