Answer:
-
-
- 2.6
- Add 9.3025 and 2.6 = 11.9025
- Divide 3.70135110 by 11.9025
= 0.31097257
Fine the area if the figure.(Sides meet at the right angles)
1 answer:
You might be interested in
Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get
Taking natural log on both the sides , we get
Hence, the annual interest rate = 13.29%