The answer is C) 14 years.
Plug it in to check:
12500(1+0.0525)^14
12500(2.05) = 25,587.01 (rounded to 25000)
Answer:
5.93 years
Step-by-step explanation:
The continuous compounding formula tells you the amount after t years will be ...
A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years
7400 = 5500e^(0.05t)
ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs
t = 20×ln(74/55) ≈ 5.93
It will take about 5.93 years for $5500 to grow to $7400.
Account balance is not proportional to the number of weeks.
Answer:
a line that might best estimate the data and be used for predicting values.
Choice B is correct
Step-by-step explanation:
A line of fit might be defined as;
a line that might best estimate the data and be used for predicting values.
This line connects most of the data points thus minimizing the squared residuals of the regression.
I hope this helps...
There are 5,280 feet in a mile. so 52,800 feet is 10 miles.
