Answer:
Principle (P) = $2,512.56 (Approx)
Step-by-step explanation:
Given:
Interest annually (R) = 9.5% = 0.095
Amount need (A) = $9500
Time period (T) = 14 years
Find:
Principle (P)
Computation:
A = P[e^(R*T)]
9,500 = P[e^(0.095 x 14)]
9,500 = P[3.781]
P = 9,500 / 3.781
Principle (P) = $2,512.56 (Approx)
Answer:
the last option i think so~~~
Step-by-step explanation:
Answer: $ 3462.03
Step-by-step explanation:
The exponential equation for growth (compounded continuously) is given by :-
, where P= Present value
r= growth rate ( in decimal)
t= time
As per given , we have
P=$1900, r = 6% =0.06 and t= 10
Substitute all the values in the above equation , we get
[To the nearest cent]
Hence, the balance in the account after 10 years = $ 3462.03
Answer:
Y = -1/2x+4
Step-by-step explanation:
The Y intercept is 4, so that's where the +4 comes in.
The slope is rise over run, so you count how many up you go from a whole number, in this case one, and that goes on top. Then you count how many it goes over, in this case two, and that goes on the bottom. The negative comes from which way the slope is going; down or up.
Answer:
(4,-2)
Step-by-step explanation:
-y = 1/2(4)
-y = 2
divide both sides by -1
y = -2
