Answer: the interest rate is 6%
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,
A = $4482
P = 1000
t = 25 years
Therefore,
4482 = 1000 x 2.7183^(r x 25)
4482/1000 = 2.7183^25r
4.482 = 2.7183^25r
Taking ln of both sides, it becomes
Ln 4.482 = 25rLn2.7183
1.5 = 25r
r = 1.5/25 = 0.06
r = 0.06 × 100 = 6%
Answer:
17.89 :)
Step-by-step explanation: hii
1,000 yes 25% of 4000 is 1000
Explanation:
Distributive property: → 
Multiply by the numbers from left to right.
Then, you can also divide into the numbers.
Product it's going to be multiply by the numbers, fractions, factors, and multiples.
Hope this helps!
Thanks!
Have a great day!
Answer:
up your but
Step-by-step explanation:
