The answer is $16216987.55 (IMPORTANT: This is the answer assuming that the interest rate is annually. The quesiton says 'continuously' so I was a bit confused)
To solve this problem, you can use the compound interest formula.
Here it is once you plug in the numbers: A = 5,000,000 ( 1 + .04) ^30
Just solve the equation to find the solution.
Get everything on one side:
. Now we can factor to find the solutions. What we ask ourselves here is "What 2 numbers will add to be +4 and multiply to be -21?" +7 and -3 work because 7-3 = 4 and 7 * -3 = -21. So our factors are (x+7)(x-3). Our solutions, however, are found using the Zero Product Property. If x + 7 = 0, then x = -7. If x - 3 = 0, then x = 3. So our solutions are x = -7 and x = 3.
Answer:
Step-by-step explanation:
It would -.21. Negative because the trend of the line sort of resembles a line with a negative slope, and .21 because the dat points do not even remotely resemble a line. The closer that number is to 1, the closer the dots will be to fitting on the line.
B is the correct answer y=x^2
