Answer: 0.024
Step-by-step explanation:
percents are out of 100 so 2.4% divided by 100 = the decimal. 2.4/100 = 0.024
Answer:
mthway
Step-by-step explanation:
math*
Answer:
A. 
B. 
Step-by-step explanation:
Given that:
An investment of Amount = $8000
earns at an annual rate of interest = 7% = 0.07 compounded continuously
The objective is to :
A) Find the instantaneous rate of change of the amount in the account after 2 year(s).
we all know that:

where;

The instantaneous rate of change = 




At t = 2 years; the instantaneous rate of change is:


(B) Find the instantaneous rate of change of the amount in the account at the time the amount is equal to $12,000.
Here the amount = 12000



㏑(1.5) = 0.07 t
0.405465 = 0.07 t
t = 0.405465 /0.07
t = 5.79

At t = 5.79


I would have to say 30,000 (1-7.5/100)8= 16078.9