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tiffanyliu1
03.08.2019 •
Mathematics
Tim has a savings account with the bank. the bank pays him 1% per year. he has $5,000 and wonders when it will reach $5,300. when will his savings reach $5,300? if necessary, round the answer to the nearest whole number. considering interest is calculated yearly, it will take tim approximately year(s).
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Ответ:
Future value =5300
Then
Future value
= P(1+i)^n
=>
5300=5000((1.01)^n)
Solve for n
1.01^n=5300/5000=1.06
n=1.06^(1/6)=5.856 years.
If interest rate is 1% simple interest, then
n=(1.06-1)/.01=6 years.
Ответ:
If interest is calculated yearly, it will take Time approximately 6 years
Step-by-step explanation:
For interest compounded continuously we use this formula
A =![pe^{rt}](/tpl/images/0166/1698/9ea15.png)
Where A = Amount in future ($5,300)
P = Principal amount ($5,000)
r = interest rate (1% or 0.01)
t = time
Now we put the values
5300 = 5000e![^{(0.01)t}](/tpl/images/0166/1698/64aa3.png)
1.06 =![e^{(0.01)t}](/tpl/images/0166/1698/21b69.png)
㏑1.06 = 0.01t
t = ㏑(2) ÷ 0.01
t = 5.82 years rounded to 6 years
If interest is calculated yearly (simple interest)
n = ( 1.06-1 ) / 0.01 = 6 years.
If interest is calculated yearly, it will take Time approximately 6 years.
Ответ:
point A=(3,3) and point B=(9,6)
distance=√((6-3)^2+(9-3)^2)
d=√(3^2+6^2)
d=√(9+36)
d=√45
d=3√5