Answer:
It'll take 7.5967 years to have $300 on that account.
Step-by-step explanation:
This problem involves a compounded interest compounded continuously, so in order to solve it we must use the formula for those cases as shown below:
M = C*e^(i*t)
Where M is the final value, C is the initial capital, i is the interest rate and t is the total time. We have:
300 = 250*e^(0.024*t)
e^(0.024*t) = 300/250
e^(0.024*t) = 1.2
0.024*t = ln(1.2)
t = ln(1.2)/0.024 = 7.5967
It'll take 7.5967 years to have $300 on that account.
Answer:
It will take 4 months to pay off the dept
35 x + 15=155
x + 15+ 35= 155
Step-by-step explanation:
If its wrong I'm sorry
Answer:
$5,490
Step-by-step explanation:
i = prt
i = ($61,000)(.03)(3)
5,490
Answer: 5.76 miles
Step-by-step explanation:
Let the distance between Victoria and Georgetown on the map be represented by x.
The information given in the question can then be formed into an expression which will be:
0.9/x = 10.5/67.2
Cross multiply
(10.5 × x) = 67.2 × 0.9
10.5x = 60.48
x = 60.48/10.5
x = 5.76
The answer is 5.76 miles
