Answer:
$300
Step-by-step explanation:
has: $11,200 plus $400
owes: $4500+ $800+ $6000
$11,600- $11, 300= $300
A. 0.15 Because its making me type twenty characters.
Answer:
C. -5
Step-by-step explanation:
If the two lines are parallel, they have the same slope. Therefore the slope of AB is -5.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
Answer:
$64
Step-by-step explanation:
80x.20=16
80-16=64
