aangellexith4237
18.08.2019 •
Mathematics
If a number increases from 47 to 70.5 what is the rate of increase?
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Ответ:
Ответ:
Option 4 is correct
Step-by-step explanation:
If the rate is compounded continuously, the formula used to find the future value is:
A= Pe^rt
Where A = Future Value
P= Principal amount
r = interest rate in decimal
t = time
For the given data:
A=?
P = $5000
r = 7% or 0.07
t = 6
Putting values in the above formula
A= 5000e^(0.07 *6)
A = 7609.81
So, Option 4 is correct.