For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
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Is there more context to the question?
The correct order would be:
5/64 x 3, 1/16 x 3, 3/32 x 4, 11/64 x 4, 7/16 x 3, 3/4 x 2, 3/8 x 4, 1 7/8 x 4, 2.25 x 2, 1.5 x 4, 3 3/8 x 3, 3.75 x 3
First we have to take all of the numbers and do the multiplication. It's often easiest to turn them in to decimals so that you have a common form.
3/32 x 4 = 3/8 = .375
3/4 x 2 = 3/2 = 1.5
1 7/8 x 4 = 15/4 = 3.75
2.25 x 2 = 4.5
1.5 x 4 = 6
3/8 x 4 = 3/2 = 1.5
5/64 x 3 = 5/32 = .156
3.75 x 3 = 11.25
1/16 x 3 = 3/16 = .1875
7/16 x 3 = 21/16 = 1.31
3 3/8 x 3 = 81/8 = 10.125
11/64 x 4 = 11/16 = .687
Now we can use those to put in order.
5/64 x 3 = 5/32 = .156
1/16 x 3 = 3/16 = .1875
3/32 x 4 = 3/8 = .375
11/64 x 4 = 11/16 = .687
7/16 x 3 = 21/16 = 1.31
3/4 x 2 = 3/2 = 1.5
3/8 x 4 = 3/2 = 1.5
1 7/8 x 4 = 15/4 = 3.75
2.25 x 2 = 4.5
1.5 x 4 = 6
3 3/8 x 3 = 81/8 = 10.125
3.75 x 3 = 11.25
Which if you are looking for without the extra terms, you can check the answer at the top.
Let t is the amount of time that the gas is leaking (hour), g is the total of the gas leak.
g = 3t.
