Answer:
It will take 27.19 years
Step-by-step explanation:
Compound continuous interest can be calculated using the formula:
, where
- A = the future value of the investment, including interest
- P = the principal investment amount (the initial amount)
- r = the interest rate of interest in decimal
- t = the time the money is invested for
∵ Steve deposits $1250 in an account
∴ P = 1250
∵ The account paying 3.4% annual interest compounded continuously
∴ r = 3.4%
- Change it to decimal by dividing it by 100
∴ r = 3.4 ÷ 100 = 0.034
∵ The account balance will reach to $3150.5
∴ A = 3150.5
- Substitute The values of A, P and r in the formula above to find t
∵ 
- Divide both sides by 1250
∴ 
- Insert ㏑ to both sides
∴ ![ln(2.5204)=ln[e^{0.034t}]](https://tex.z-dn.net/?f=ln%282.5204%29%3Dln%5Be%5E%7B0.034t%7D%5D)
- Remember that 
∵ 
∴ ln(2.5204) = 0.034t
- Divide both sides by 0.034
∴ 27.18875 = t
∴ t ≅ 27.19
It will take 27.19 years
Answer:
Jane used 2/5 of a scoop more of brown sugar than she did with white sugar.
Step-by-step explanation:
If you want to find how much more something is from something else, you subtract. So, subtract 9/10-1/2. If you want to subtract, they should both have the same denominator. So, 9/10-1/2 is the same as 9/10-5/10. 9/10-5/10 is equal to 4/10 which is simplified to 2/5.
Answer:
Check the image below
Step-by-step explanation:
Answer:
x=-6
Step-by-step explanation:
Answer: The answer is Yes.
Step-by-step explanation: Given in the question that Radric was asked to define "parallel lines" and he said that parallel lines are lines in a plane that do not have any points in common. We are to decide whether Radric's definition is valid or not.
Parallel lines are defined as lines in a plane which never meets or any two lines in a plane which do not intersect each other at any point are called parallel.
Thus, Radric's definition is valid.
