1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
2 years ago
8

How long will it take $5500 to grow to $7400 at an interest rate of 5% it the interest is compounded continuouslyRound the numbe

r of years to the
nearest hundredth
see score
Mathematics
1 answer:
Thepotemich [5.8K]2 years ago
8 0

Answer:

 5.93 years

Step-by-step explanation:

The continuous compounding formula tells you the amount after t years will be ...

  A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years

  7400 = 5500e^(0.05t)

  ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs

  t = 20×ln(74/55) ≈ 5.93

It will take about 5.93 years for $5500 to grow to $7400.

You might be interested in
What is the answer to -26-(-49)?
Radda [10]

Answer:

23

Step-by-step explanation:

-26-(-49)=-26+49=23

7 0
2 years ago
Read 2 more answers
Find the value of x please help
____ [38]

using angle sum property

we get

110+35+(x+12)=180

(x+12)=180-145

(x+12)= 35

x= 35-12

x= 23

3 0
2 years ago
Read 2 more answers
8. Using the order of operations rule, solve the following: 12 ÷ 2 + 4 – 2 × 3 = ?
mixas84 [53]
12/2+4-2*3

According to the order of operations, evaluate division and multiplication first.
6+4-6

Then add and subtract from left to right
10-6
4

Final answer: A
5 0
3 years ago
Read 2 more answers
-2b + 9 = 25<br> ones step and two step equation Screenshot of example
ycow [4]

Answer:

b = -8

Step-by-step explanation:

-2b + 9 =25

-9 = -9

-2b = 16

/-2 /-2

b = -8

3 0
2 years ago
Solutes in the bloodstream enter cells through osmosis, which is the diffusion of fluid through a semipermeable membrane. Let C
kow [346]

Answer:

since the rate at  which concentration inside the cell is proportional to the difference in the concentration of the solute in the blood stream and the concentration within the cell, then the rate of change of concentration within the cell is equals to K(L-C).

Thus, the  required differential equation is Δc/Δt = K( L - C ).

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • 10x-35+3ax=5ax-7a solve for "a" for which the equation is an identity.
    12·2 answers
  • Kevin is 3 years older than brendon two years ago Kevin was 4 times as old as brendon . How old is Kevin now
    5·1 answer
  • How many boards he can paint
    13·1 answer
  • Translate the sentence into an inequality.<br><br> Four subtracted from c is less than - 20 .
    14·1 answer
  • Kate had 50 50 tickets to use for rides at the fair. She lost some of them. Her dad doubled the tickets she had left. Kate wrote
    15·2 answers
  • Write two numbers that multiply to the value on top and add to the value on bottom.
    10·2 answers
  • Need help answering a question text me now
    6·1 answer
  • Whats the slope of 3x-4y=20
    8·1 answer
  • Can some one help me answer this.
    11·2 answers
  • Find the solution of the system of equations.<br> -7x - 3y = - 20<br><br> 3x+ 6y = -15
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!