Answer:
Step-by-step explanation:
The formula for continuously compounded interest is
A = P x e (r x t)
Where
A represents the future value of the investment after t years.
P represents the present value or initial amount invested
r represents the interest rate
t represents the time in years for which the investment was made.
e is the mathematical constant approximated as 2.7183.
From the information given,
P = 100
r = 2.5% = 2.5/100 = 0.025
t = 12 years
Therefore,
A = 100 x 2.7183^(0.025 x 12)
A = 100 x 2.7183^(0.3)
A = $135.0 to the nearest cent
It might look like one of ...
y +1 = 4(x +3) . . . . . . point-slope form
y = 4(x +3) -1 . . . . . .. another point-slope form
y = 4x +11 . . . . . . . . . slope-intercept form
4x -y +11 = 0 . . . . . . . general form
4x -y = -11 . . . . . . . . . standard form
Answer:
You haven't given us the question. However, I can guess:
Step-by-step explanation:
51,000/year
What's the monthly salary?
What's the agency's fee?
So, the actual salary left after the fee is:
51000 - 1487.5 = 49512.5
Answer:
y = x - 6
Step-by-step explanation:
Answer:
6.
Step-by-step explanation:
We can start by defining a couple things.
x = amount of nickels
y = amount of dimes
Since he has the same amount of each, we can say this.
x = y
And because we know it totals 0.90, we can say this.
0.05x + 0.10y = 0.90
then, we substitute and get this.
0.05x + 0.10x = 0.90
Simplify.
0.15x = 0.90
Divide both sides by 0.15.
x = 6
So we have 6 nickels, and they both are the same, so we have 6 dimes.