2 years ago

How long will it take for $6400 to grow to $43,800 at an interest rate of 3.4% if the interest is compounded continuously?

Mathematics

1 answer:

andrew-mc [135]2 years ago

7 0

Answer:

57.53years to the nearest hundredth

Step-by-step explanation:

For compound interest,A=P(1+r/100)^t

where r=rate of interest

t= investment tenor

$43800=6400(1+3.4/100)^t

which simplifies to 57.5250≈57.53 to the nearest hundredth

You might be interested in

Draw to show regrouping. Write how many tens and ones in the sum. Write the sum. This has me so confused.

olya-2409 [2.1K]

I am not sure, but we're you going to put up a sum.

7 0

3 years ago

Round Ed to the nearthest tenth and answer now question

Vikki [24]

Answer:

$y = 9.1$

Step-by-step explanation:

y can be found using the Law of sines as explained below:

m < Y = 106°

m < X = 58°

WY = x = 8

WX = y = ?

Thus,

$\frac{x}{sin(X)} = \frac{y}{sin(Y)}$

$\frac{8}{sin(58)} = \frac{y}{sin(106)}$

$\frac{8}{0.848} = \frac{y}{0.961}$

Multiply both sides by 0.961 to solve for y

$\frac{8}{0.848}*0.961 = \frac{y}{0.961}*0.961$

$\frac{8*0.961}{0.848} = y$

$\frac{8*0.961}{0.848}*0.961 = y$

$9.07 = y$

$y = 9.1$ (to the nearest tenth)

7 0

3 years ago

im so sad i literally cried for 10 min straight because i have three 70's on my grade progress report and my mom only wants 80's

givi [52]

Answer:

You shouldn't blame your mom. You are more than capable of getting 80's that is the bare minimum. Your mom does not want you to fail, try harder and get better grades. 70's are not the best

7 0

3 years ago

Which expression is equivalent to the value of 144?

9966 [12]

Answer:

100+44

Step-by-step explanation:

3 0

2 years ago

The last day we were in school was March 13. There are 180 days in a school year.

ICE Princess25 [194]

Is this qusioun as of today may 18?

3 0

3 years ago