Answer:
1st problem: b)
2nd problem: c)
Step-by-step explanation:
1st problem:
The formula/equation you want to use is:
where
t=number of years
A=amount he will owe in t years
P=principal (initial amount)
r=rate
n=number of times the interest is compounded per year t.
We are given:
P=2500
r=12%=.12
n=12 (since there are 12 months in a year and the interest is being compounded per month)
Time to clean up the inside of the ( ).
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2nd Problem:
Compounded continuously problems use base as e.
P is still the principal
r is still the rate
t is still the number of years
A is still the amount.
You are given:
P=2500
r=12%=.12
Let's plug that information in:
.
Ninety nine percent hope this helps!
Sorry if it didn’t :c
First take 400 and divide it by 2.5 to find the hourly rate. Then divide 600 by the hourly rate (160) to get 3.75 hours. My work is listed below.
Answer:
11
Step-by-step explanation:
you just divide it