What is the ratio of 60:48
2 answers:
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The formula we use for continuous compounding is 
where P is the initial amount invested, r is the rate as a decimal, and t is time in years. Our P = 1300, our r = .042, and our t = 5.75 (9 months is 3/4 of a year, and 3/4 in a decimal is .75). Putting all that into our formula we have 
. We have to multiply those 2 powers together and then raise euler's number to it, then multiply by 1300. Doing all of that, we get the amount at the end to be $1,655.10
Answer:
1521.16402
Step-by-step explanation:
use fraction- division format
Multiply the numerator and denominator by 100
Reduce by 2
Now do long division
1521. 164022
189|287500
- 189
985
- 945
400
- 378
220
- 189
310
- 189
1210
- 1134
760
- 756
40
- 0
400
- 378
22