How long will it take for an investment to triple, if interest is compounded continuously at 8%?
It will take years before the investment triples.

Answers

Answer 1

Answer:

It will take 14 years before the investment triples

Step-by-step explanation:

Continuous Compounding

Is the mathematical limit that compound interest can reach if it was calculated and reinvested into an account's balance over a theoretically infinite number of periods.

The formula for continuous compounding is derived from the formula for the future value of a compound interest investment:

[tex]FV = PV\cdot e^{i.t}[/tex]

Where:

FV = Future value of the investment

PV = Present value of the investment

i     = Interest rate

t     = Time

It's required to find the time for an investment to triple, that is, FV = 3 PV, knowing the interest rate is i=8%=0.08.

Substituting the known values:

[tex]3PV = PV\cdot e^{i.t}[/tex]

Dividing by PV:

[tex]3 = e^{i.t}[/tex]

Taking logarithms:

[tex]\ln 3=i.t[/tex]

Solving for t:

[tex]\displaystyle t=\frac{\ln 3}{i}[/tex]

[tex]\displaystyle t=\frac{\ln 3}{0.08}[/tex]

t = 13.7 years

Rounding up:

It will take 14 years before the investment triples

Answer 2

It will take 37.5 years before the investment triples.

The formula for calculating the future value is expressed as:

[tex]A =Pe^{rt}[/tex]

P is the principal

r is the rate (in %)

t is the time (in years)

If the investment tripled, then A = 3P. The equation will become:

[tex]3P=Pe^{rt}\\3=e^{rt}\\ln3 =lne^{rt}\\rt = 3\\0.08t =3\\t =\frac{3}{0.08} \\t =37.5 years[/tex]

Hence it will take 37.5 years before the investment triples.

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Step-by-step explanation:

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If you have to do the sliders problem the answeres in order are, set a to -3, set b to 2 and keep c at 0.

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the correct answer is y=-3 sin(2x) and the equation from the sliders should match the answer.

y=-3 sin(2x) is the equation has a maximum at (0, –1) and a minimum at ( pi Over 3, negative 5)

What is Trigonometry?

Trigonometry is a branch of mathematics that studies relationships between side lengths and angles of triangles.

Given,

We need to use the sliders to change the values of a, b, c, and d in the cosine function.

We need to find the equation which has maximum at (0, –1) and a minimum at (pi Over 3, negative 5)).

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In a circle, what is the ratio of the circumference to its diameter?
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volume
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Answers

Answer:

D. pi

Step-by-step explanation:

Circumference of a circle = [tex] \pi d [/tex]

Diameter = d

Therefore, ratio of circumference of a circle to its diameter would be:

[tex] \pi d : d [/tex]

[tex] = \frac{\pi d}{d} = \pi [/tex] => (d cancels d)

Therefore, the ratio of the circumference of a circle to its diameter is [tex] \pi [/tex]

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Answers

Answer:

24

Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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A rectangular building with a square front is to be constructed of materials that costs 11 dollars per ft2 for the flat roof, 14 dollars per ft2 for the sides and the back, and 15 dollars per ft2 for the glass front. We will ignore the bottom of the building. If the volume of the building is 5,600 ft3, what dimensions will minimize the cost of materials? (Round your answers to the nearest hundreth such that the dimensions increase from the smallest to the largest.)

Answers

Answer:

y = 23.14 ft

x = 15.56 ft

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Step-by-step explanation:

the area of the roof = xy

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the area of the sides and back = 2xy + x²

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cost of the glass front = 15x²

minimize:

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39y + 58x = 78y

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now we replace 58x by 39y

(39y)²y = 58² · 5600

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Answer:

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Step-by-step explanation:

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Answers

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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answer:

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Step-by-step explanation

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