Answer:
It's b. %99.7
Step-by-step explanation:
Just did it on A P E X
Answer:
The interest rate is 7.58%
Step-by-step explanation:
Compound continuous interest can be calculated using the formula:
A = P
, where
- A is the future value of the investment, including interest
- P is the principal investment amount (the initial amount)
- r is the interest rate in decimal
- t is the time the money is invested for
∵ Angus has $3,000 he want to invest
∴ P = 3000
∵ The interest rate is compounded continuously
∵ Angus has $5,500 in 8 years
∴ A = 5500
∴ t = 8
→ Substitute them in the rule above to find r
∵ 5500 = 3000
→ Divide both sides by 3000
∴
= 
→ Insert ㏑ in both sides
∵ ㏑(
) = ㏑(
)
→ Remember ㏑(
) = n
∴ ㏑(
) = 8r
→ Divide both sides by 8
∴ 0.07576697545 = r
→ Multiply it by 100% to change it to a percentage
∴ r = 0.07576697545 × 100%
∴ r = 7.576697545 %
→ Round it to the nearest hundredth
∴ r ≅ 7.58
∴ The interest rate is 7.58%
Answer:
11.9 miles
Step-by-step explanation:
The length of the track is ...
C = 2πr = 2π(200 ft) = 400π ft
Then the length of 50 laps will be ...
50C = 50·(400π ft) = 20,000π ft ≈ 62,831.9 ft
The number of miles (m) this is can be found from ...
m(5280 ft) = 62,831.9 ft
m = 62,831.9/5280 ≈ 11.90 . . . . miles
50 laps is about 11.9 miles.
If you are going to use mental math, round $0.98 up to $1.
Rounded, the cost of the 30 songs is $30.
However, since you rounded at the beginning, you need to subtract 2 cents for every song you purchased from the total of $30.
Multiply 30 by $0.02 to get $0.60. Subtract $0.60 from $30.
Your answer should be $29.40.