Answer:
It'll take 10.6638 years to double his money.
Step-by-step explanation:
Since the invested capital is compounded continuosly we need to use the apropriate formula shown below:
M = C*e^(r*t)
Where M is the final value, C is the initial value, r is the rate of interest and t is the total time elapsed. In this case we want to double our investment, since the amount invested was 2800, then we need to have a final value of 2*2800 = 5600. Applying these values to the formula:
5600 = 2800*e^(0.065*t)
2800*e^(0.065*t) = 5600
e^(0.065*t) = 5600/2800
e^(0.065*t) = 2
ln(e^(0.065*t)) = ln(2)
0.065*t = ln(2)
t = ln(2)/0.065 = 10.6638 years
It'll take 10.6638 years to double his money.
4% of 52, since that's 4/100 x 52, not one fourth of it
Answer:
4 V + 4 (V - 60) = D where D is distance apart after 4 hrs
8 V - 240 = 7304
V = 943 km/hr
and V2 = 943 - 60 = 883 km/hr where second plane is 60 km/hr slower
Answer:
Step-by-step explanation:
Chance of picking a house 1 year old is 17%
Chance of picking a house 2 years old is 22%
Chance of picking a house 3 years old is 28%
Chance of picking a house 4 years old is 33%
The only graph most fitting is the top graph of the first answer choice picture or:
0.070 is rounded to 2 significant figures
