4mins---->12 cars
6mins---->(6*12/4)=18
4mins---->12
5mins---->(5*12/4)=15
And so on
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)

( ∵
)
We change the P (Present value) into the left side,


≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Answer:
14 & 16
Step-by-step explanation:
30÷2=15
15+15=30, so we can make the conclusion...
14+16=30
Answer:
0.184
Step-by-step explanation:
There are 38 seniors, of which 7 prefer evening classes.
7/38 ≈ 0.184