Is there a diagram with this question?
Answer:
14.29
Step-by-step explanation:
14:98*100 =
(14*100):98 =
1400:98 = 14.29
Answer:
$10618.37
Step-by-step explanation:
Use the formula for compound interest:
P(t) = P_0e^(rt)
You can look the formula up online to find what each variable represents.
First, our principal amount (P) is 10,000. Our interest rate (r) is 3% and our time (t) is 2. Substitute these into the equations in each variables' place. The equation will look like this:
P(t) = 10,000e^(0.03x2)
P(t) = 10,000e^(0.06)
Note that e is approximately 2.7183 .
Using your calculator, now simply find P(t).
You should get 10618.36972 as your answer. Round that to the nearest cent to get $10618.37 .
You would multiply the growth rate (.009) by 2/3 to get the percent rate per year. Therefore, the answer is .006
The situation can be expressed with the following.
P=550-127
