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Allisa [31]
2 years ago
11

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

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There is 20 oz. bag for 1.60$ or a 2lb bag for $2.40. which is the lower rate?
Varvara68 [4.7K]
Seriously? the 20oz bag for $1.60 is cheaper per oz.
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4 0
3 years ago
An inventor receives 4% of the cost of every product a company sells. If the company sells $5,000 worth of product, how much doe
andrew-mc [135]

Answer:

The investor receives $200

Step-by-step explanation:

In order to find this, simply multiply the percentage by the total amount.

$5,000 * 4%

$5,000 * .04

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4 0
3 years ago
uhammad, a shipping and receiving clerk, uses 1 yard, 2 feet, 4 inches of twine to wrap each carton he packs. He has to pack 29
irina1246 [14]

Answer

Find out the how much twine will he needs to pack 29 cartons today .

To proof

As given

uhammad, a shipping and receiving clerk, uses 1 yard, 2 feet, 4 inches of twine to wrap each carton he packs.

As given in the question

Convert the answer to larger units .

As between  yard is the largest unit between yard, feet and inches.

1 inches = \frac{1}{36} yard

and

1 feet = \frac{1}{3} yard

Convert 2 feet into yard

=\frac{2}{3}

Convert 4 inches into yard

= \frac{4}{36}

twine to wrap each carton packs

= 1 + \frac{2}{3} + \frac{4}{36}

L.C.M of (3 , 36) = 36

than the equation becomes

=\frac{36 +2\times 12 + 4}{36}

= \frac{64}{36}

=1.77777778 yard

Now twine to wrap pack 29 cartons  = 29× 1.77777778

                                                             = 51.5555556 yard


Now twine to wrap pack 29 cartons is 51.55 yard ( approx)

Hence proved  

6 0
3 years ago
Which answer is it I’m doing my quiz rn
anyanavicka [17]

Answer:

10

Step-by-step explanation

3 x 4 = 12

8 + 12 = 20

20 / 2 = 10

8 0
3 years ago
Read 2 more answers
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