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Alex787 [66]
2 years ago
10

Solve for n just some homework

Mathematics
2 answers:
PIT_PIT [208]2 years ago
5 0

Answer:

4

Step-by-step explanation:

NNADVOKAT [17]2 years ago
3 0
The answer is 4
You multiply 56x0.5 then divide by 7 :)
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Which statement is true?
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b

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What is the correct choice
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I think it would be A. 

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Recently, a certain bank offered a 10-year CD that earns 11.86% compounded continuously.
a_sh-v [17]

Answer:

Step-by-step explanation:

Given the following :

Compounding interest on CD (r) = 11.86%

Period (t) = 10 years

A) If $10,000 is invested in the CD ; worth in 10 years will be ;

A = P(1 + r)^t

Here, P = $10,000

A = final amount or worth

A = 10,000(1 + 0.1186)^10

A = 10,000(1.1186)^10

A = 10,000 × 3.067242759

A = $30672.43

B. How long will it take for the account to be worth $35,000?

A = $35,000 final worth

35000 = 10,000(1 + 0.1186)^t

35000 = 10000(1.1186)^t

Divide both sides by 10000

1.1186^t = 3.5

t = 3.5 / In(1.1186)

t = 3.5 / 0.1120779

t = 31.228

t = 31. 23years

4 0
3 years ago
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