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Ad libitum [116K]
3 years ago
14

Find the value of an investment of $15,000 for 13 years at an annual interest rate of 4.55% compounded continuously.

Mathematics
1 answer:
atroni [7]3 years ago
4 0

Answer:

A = $27100.5

Step-by-step explanation:

We are given;

Principal: P = $15,000

Interest rate: r = 4.55% = 0.0455

Time in years: t = 13 years

The formula for the value of the investment after t years of continuous compounding is;

A = P(e^(rt))

A = 15000(e^(0.0455 × 13))

A = 15000 × 1.8067

A = $27100.5

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Anton [14]

Answer:

We have the equation

a+x= 1+xa^2

we leave the terms with x on the left side of the equation and the independent terms on the right side.

x-xa^2=1-a\\(1-a^2)x=1-a\\

resolving for x we have that

x=\frac{1-a}{1-a^2}

Since we need that the equation doesn't have solution, then it is necessary that the denominator of x be 0 and this occur when 1-a^2=0\\1=a^2\\a=\pm1

Then, for a=\pm1 the equation hasn't solution

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3 years ago
What is the value of the expression (–5) -3? It’s -125
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Answer:

Step-by-step explanation:

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3 years ago
Read 2 more answers
Kimi and Jordan are each working during the summer to earn money in addition to
cluponka [151]

Their earnings would be the same after 4 hours

Let the number of hours be x, and the weekly earning be y

So, the given parameters are:

<u>Kimi</u>

  • Earnings = $9 per hour
  • Weekly allowance = $8

So, the equation for Kimi's weekly earning is:

y =9x + 8

<u />

<u>Jordan</u>

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So, the equation for Jordan's weekly earning is:

y = 7x + 16

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7x + 16 = 9x + 8

Collect like terms

9x - 7x = 16 - 8

2x =8

Divide both sides by 2

x =4

Hence, their earnings would be the same after 4 hours

Read more about linear equations at:

brainly.com/question/13729904

7 0
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Got another question for you guys! What is 12.5 x 4.2?
yarga [219]

Answer:

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Step-by-step explanation:

3 0
3 years ago
Solve for p<br> 3(p + q) = p<br> A. q = -2/3p<br> B. q = -3/2p<br> C. p = -2/3q<br> D. p = -3/2q
Tasya [4]
It’s A! hope this helps you out!
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3 years ago
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