If $22,000 is invested in an account earning 4.5% interest compounded continuously,
determine how long it will take the money to quadruple. Round to the nearest year.
Use the model A = Pet where A represents the future value of P dollars invested at
an interest rate r compounded continuously for t years.
OA) 31 years
B) 36 years
OC) 3 years
D) 308 years

Answers

Answer 1

Answer:

31 years

Step-by-step explanation:

A = P(interest rate)^number of years (n)

if the money is to quadruple, A = 4 X 22,000 = 88,000.

P = investment amount = 22,000.

interest rate is 4.5%. so we have the whole (100%) + 4.5% = 1.045%.

n is number of years.

22,000 (1.045)^n = 88, 000

divide both sides by 22, 000:

(1.045)^n = 4

take logs for both sides:

log (1.045)^n = log 4

simplify using log laws (by bringing down the n):

n log (1.045) = log 4

divide both sides by log (1.045):

n = (log 4) / log (1.045)

= 31.49 (31 years to nearest year)


Related Questions

Is the figure shown in the coordinate plane a parallelogram? Why or why not? Use the given coordinates to justify your answer.

Answers

The given image is a parallelogram, because the two lines are Parallel to each other implying that they will never cross each other

What is the coordinate plane?

Based on the question above,  the coordinates of the figure are:

O = (0,0)

P = (a, b)

S = (a + c, b)

T = (c,0)

Note that the vertices O and T and they can be seen on the same horizontal level, due to the fact that they have the same y-coordinate and can be used also for vertices P and S

The length of the sides by distance formula will be:

PS = c

OT = c

So this implies that the opposite sides are parallel and congruent. Therefore, the image is a parallelogram

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Which word phrase can you use to represent the algebraic expression ÷ 8 ?

Answers

This phrase can be used in a variety of contexts, from simple arithmetic problems to more complex Algebraic equations and expressions.

The algebraic expression ÷ 8 can be written in a variety of ways depending on the context and the specific operation being performed. However, in general, the phrase "divided by 8" or "the quotient of x and 8" can be used to represent this expression.

For example, if we have an algebraic expression such as 24 ÷ 8, we can write it as

24 divided by 8

the quotient of 24 and 8

24/8

In each case, the idea is the same: we are dividing 24 into 8 equal parts, or finding how many groups of 8 are contained in 24.

In the context of an algebraic equation or expression, the phrase "divided by 8" is often used to indicate that the variable or expression preceding it is being divided by 8. For example:

3x ÷ 8

(2y + 5) ÷ 8

In these cases, we are dividing the value of 3x or the sum of 2y and 5 by 8. The quotient of these expressions will depend on the specific values of x and y."divided by 8" is a commonly used phrase to represent the algebraic expression ÷ 8. This phrase can be used in a variety of contexts, from simple arithmetic problems to more complex algebraic equations and expressions.

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Which ordered pair is a solution to the system of linear equations? x + 4y = 3 y = −4x − 3 (1, 1) (1, −1) (−1, 1) (−1, −1)

Answers

Answer:

(-1,1)

Step-by-step explanation:

Solve for the first variable in one of the equations, then substitute the result into the other equation.

equation form:
x=-1, y=1

have a great day and thx for your inquiry :)

By substituting each of the provided options into the given system of linear equations, it is revealed that the ordered pair (-1, 1) is a valid solution for both the equations.

The correct answer is (-1, 1)

In mathematics, a system of linear equations consists of multiple linear equations with the same variables. These equations describe various relationships among these variables, typically representing lines in a multi-dimensional space. Solving such systems involves finding values for the variables that satisfy all equations simultaneously. Methods like substitution, elimination, or matrix algebra can be used to solve these systems. These systems are fundamental in fields like physics, engineering, economics, and computer science for modeling and solving real-world problems involving multiple interconnected variables.

We can solve this problem by substituting values from the given options into the equations and checking for which option both equations are valid. The system of linear equations is: x + 4y = 3 and y = -4x - 3.

Option (1, 1): For x = 1 and y = 1, our system becomes 1 + 4*1 = 5 and y = -4*1 - 3 = -7. Both do not hold true.Option (1, -1): For x = 1 and y = -1, our system becomes 1 + 4*-1 = -3 and y = -4*1 - 3 = -7. Both do not hold true.Option (-1, 1): For x = -1 and y = 1, our system becomes -1 + 4*1 = 3 (correct) and y = -4*-1 - 3 = 1 (correct). Thus, option (-1, 1) is a solution to the system of equations.Option (-1, -1): For x = -1 and y = -1, our system becomes -1 + 4*-1 = -5 and y = -4*-1 - 3 = 1. Both do not hold true.

Therefore, the ordered pair that is a solution to the system of linear equations is (-1, 1).

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Dependent and Independent Variables
Can you think of a relationship between two quantities in your life? How could you apply your knowledge of dependent and independent variables to the scenario?

Answers

Answer:

Dependent and Independent could be used like a ride on a bike, or even traveling to a friend's house. The dependent variable depends on the independent variable, so let's say I biked at a speed of 7 min per hour and I traveled 42 miles. The independent variable is minutes, because distance depends on time.

Step-by-step explanation:

find the area of the figure 8m, 5m 5m, 15m, 18m A= [?] m^2​

Answers

Answer:

  302 m²

Step-by-step explanation:

You want the area of the figure composed of a triangle and rectangle.

Area

The formulas for the areas of the parts are given in the problem statement.

Triangle

The base length of the triangle is (18 m - 5m - 5 m) = 8 m. Then its area is ...

  A = 1/2bh

  A = 1/2(8 m)(8 m) = 32 m²

Rectangle

The area of the rectangle is ...

  A = LW

  A = (18 m)(15 m) = 270 m²

Figure

The area of the figure is the sum of the areas of its parts:

  A = (triangle area) + (rectangle area)

  A = 32 m² +270 m² = 302 m²

The area of the figure is 302 m².

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Because you loved Professor Salaam’s class so much, you go to the market and decide to trade your car for 2 magical doubling beans. After 1 day, you notice that your 2 magical beans have turned into 4 magical beans. After 2 days you look and there are 8 magical beans. On the third day you notice there are now 16 beans. Since you are a brilliant mathematician, you decide to estimate how many beans you will have after 15 days.

Part A

How many beans will you have?




Part B

If each magical bean is worth $0.50, and your car was worth $65,000, did your trade make sense (after 15 days)?



(b)
A
YES
B
NO
C
MAYBE?
D
Not enough information
(c)


Part C

Estimate how many days you would need to have doubled your beans for the trade to make sense.

Answers

Part A: After 15 days will have 32,768 magical beans.

Part B: As the value of the magical beans is less than the value of the car the trade does not make sense at least not from a financial perspective. B NO.

Part C: We would need at least 17 days for the number of magical beans to exceed the value of the car. C MAYBE?.

Based on the given information can observe that the number of beans doubles every day.

So, after 15 days will have 2¹⁵ = 32,768 magical beans.

The value of the 32,768 magical beans would be:

32,768 beans × $0.50/bean

= $16,384

Part C:

Let us assume that after 'n' days, the number of beans would be equal to or greater than the value of the car.

Value of the car in terms of magical beans = $65,000/$0.5 per bean

= 130,000 beans

Now, we can set up an equation based on the doubling of beans:

2ⁿ >= 130,000

Taking the logarithm base 2 on both sides, we get:

n × log2(2) >= log2(130,000)

n >= log2(130,000)

n >= 16.98

We would need at least 17 days for the number of magical beans to exceed the value of the car.

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Determine the measures of the marked angles in the figure shown.

Answers

The measures of the marked angles in the figure are:

x = 0.8°

6x + 8° = 12.8°

x + 12° = 12.8°

How  do we calculate?

We have that:

x + 12° and 6x + 8°.

We equate the expression: 6x + 8° = x + 12°

We then  solve for x:

6x - x = 12° - 8°

5x = 4°

We then divide  both sides by 5:

x = 4° / 5

x = 0.8°

We get the  measure of the marked angle for

6x + 8°:

6(0.8°) + 8° = 4.8° + 8° = 12.8°

We also get the measure of the marked angle as:

x + 12°:

0.8° + 12° = 12.8°

In conclusion, an  angle is formed when two straight lines or rays meet at a common endpoint.

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I need an answer ASAP!!!
And also possibly an explanation on how to solve, I really don't understand this.

Answers

I think the answer is 15. Because if you do 180-165= 15 for that line


Please help!!
Enter the correct answer in the box.
Function g is the result of these transformations on the parent sine function:
• vertical stretch by a factor of 3
• horizontal shift left
units
• vertical shift down 4 units
Substitute the values of A, C, and D to complete the equation modeling function g.

Answers

Answer:

By substituting the values of A, C, and D the equation modelling the function is;g(x) = 3·sin(x - π/2) - 4

Step-by-step explanation:

From the given information, we have;The vertical stretch of the sine function = 3 × The parent function∴ A = 3Given that the horizontal shift left = π/2 units, (from an online source with similar question)The vertical shift down = 4 unitsThe given function, g is g(x) = A·sin(x + C) + DWhere;A = The amplitude = The maximum displacement from the rest or equilibrium position = 3C = The horizontal shift = -π/2 (The negative sign is for the shifting to the left)D = The vertical shift = -4 (The negative sign is for a shift in the downward direction)Therefore, the equation modelling the function is;g(x) = 3·sin(x - π/2) - 4

Concert the polar equation of a conic section to a rectangular equation: r(1+3 sinθ) =4

Answers

This is the equation of a hyperbola, since it has a constant difference between the distances from any point on the curve to two fixed points (known as the foci). In this case, the foci are located at (-2, 0) and (2, 0).

To convert the given polar equation, r(1+3sinθ) = 4, to a rectangular equation, we can use the following equations:

x = rcos(θ)

y = rsin(θ)

Substituting r(1+3sinθ) = 4, we get:

x = r*cos(θ) = (4/(1+3sinθ))cos(θ)

y = rsin(θ) = (4/(1+3sinθ))*sin(θ)

Simplifying further, we can use the identity sin^2(θ) + cos^2(θ) = 1 to get:

x = 4cos(θ)/(1+3sinθ)

y = 4sin(θ)/(1+3sinθ)

Therefore, the rectangular equation of the conic section in terms of x and y is:

x = 4cos(θ)/(1+3sinθ)

y = 4sin(θ)/(1+3sinθ).

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Answer the question by comparing the equation,
f
(
x
)
=
2
cos
(
2
π
6
(
x
+
4
)
)
+
3
to the equation,
f
(
x
)
=
acos
(
2
π
b
(
x
+
c
)
)
+
d
.


What is the period of the function?

Answers

The calculated value of the period of the function is 6

Calculating the period of the function?

From the question, we have the following parameters that can be used in our computation:

The equation, f(x) = 2cos(2π/6(x + 4)) +3

A sinusoidal function is represented as

f(x) = acos(2π/b(x + c)) + d

Where the period is B

When the equations are compared, we have

2π/b = 2π/6

This gives

b = 6

Hence, the period of the function is 6

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Complete question

Answer the question by comparing the equation,f(x)=2cos(2π6(x+4))+3 to the equation,f(x)=acos(2πb(x+c))+d.What is the period of the function?

Favorite Pastimes Number Hobby Reading 25 Sports 40 Crafts 20 Cooking 15 20 Other . Explain how to find the probability that a person's favorite pastime is cooking. Then find the probability.​

Answers

The probability that a person's favorite pastime is cooking is 0.125 (or 12.5%).

Understanding Probability

To find the probability that a person's favorite pastime is cooking, we need to divide the number of people whose favorite pastime is cooking by the total number of people.

Given the following pastimes,

Reading = 25

Sports = 40

Crafts = 20

Cooking = 15

Others = 20

Since 15 people listed cooking as their favorite pastime. To find the total number of people, we can add up the number of people who listed each pastime:

Total = Reading + Sports + Crafts + Cooking + Others

Total = 25 + 40 + 20 + 15 + 20 = 120

Therefore, the probability that a person's favorite pastime is cooking is:

P(cooking) = Cooking  / Total

           = 15 / 120

           = 0.125 or 12.5%

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From previous experience, the owner of an apple orchard knows that the mean weight of gala apples is 140 grams. This year there has been more precipitation than usual and the owner believes the weights of the apples will be heavier than usual. The owner takes a random sample of 30 apples and records their weights.

What is the appropriate inference procedure?

one-sample t-test for Mu
one-sample z-test for p
one-sample t-test for Mu Subscript difference
two-sample t-test for Mu Subscript c Baseline minus Mu Subscript p

Answers

The appropriate inference procedure is the t test for μdiff.

We know that,

The mean is a basic mathematical average of two or more values.

There are several methods for computing the mean for a given collection of numbers, including the arithmetic mean approach, which utilizes the sum of the numbers in the series, and the geometric mean method, which is the average of a set of products.

The t test is used to compare the means of two groups.

We also know that,

Inferential statistics is a field of statistics that employs a variety of analytical procedures to draw conclusions about population data from sample data. Aside from inferential statistics, descriptive statistics are a subset of statistics. Inferential statistics aid in drawing inferences about the population, whereas descriptive statistics summarize the data set's features.

It is a very important tool that can be used in inferential statistics.

Since it shows whether the means of two groups are significantly different, we can say that, the appropriate inference procedure is the t test for μdiff.

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PLEASE HURRY
The histograms display the frequency of temperatures in two different locations in a 30-day period.

A graph with the x-axis labeled Temperature in Degrees, with intervals 60 to 69, 70 to 79, 80 to 89, 90 to 99, 100 to 109, 110 to 119. The y-axis is labeled Frequency and begins at 0 with tick marks every one unit up to 14. A shaded bar stops at 10 above 60 to 69, at 9 above 70 to 79, at 5 above 80 to 89, at 4 above 90 to 99, and at 2 above 100 to 109. There is no shaded bar above 110 to 119. The graph is titled Temps in Sunny Town.

A graph with the x-axis labeled Temperature in Degrees, with intervals 60 to 69, 70 to 79, 80 to 89, 90 to 99, 100 to 109, 110 to 119. The y-axis is labeled Frequency and begins at 0 with tick marks every one unit up to 14. There is no shaded bar above 60 to 69. A shaded bar stops at 4 above 70 to 79, at 4 above 80 to 89, at 6 above 90 to 99, at 6 above 100 to 109 and at 10 above 110 to 119. The graph is titled Temps in Beach Town.

When comparing the data, which measure of center should be used to determine which location typically has the cooler temperature?

Median, because Sunny Town is symmetric
Mean, because Sunny Town is skewed
Median, because Beach Town is skewed
Mean, because Beach Town is symmetric

Answers

Answer:

Median, because Sunny Town is symmetric.

This sentence includes a participial phrase. True or false.

The picture frame held a picture of our family on vacation.

True
False

Answers

The sentence given in the question does not include a participial phrase. Hence, correct option is False

The sentence "The picture frame held a picture of our family on vacation" does not include a participial phrase.

A participial phrase is a phrase that acts as an adjective. In this sentence, the phrase "on vacation" is an adjective phrase that describes the noun "family." However, it is not a participial phrase because it is not formed from a verb.

A participle is a verb form that can be used as an adjective. In this sentence, the verb "hold" is not used as an adjective.

Therefore, the phrase "on vacation" is not a participial phrase.

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(c) What is the sum of the squares of the differences between each data value and the mean? mean = 33 Use the table to organize your work. x 15 15-33=-18 (15-33)^2=324 27 27-33=-6 (27-33)^=36 28 28-33=-5 (28-33)^=25 34 34-33=1 (34-33)^2=1 42 42-33=9 (42-33)^2=81 52 52-33=19 (52-33)^2=361 Sum:828 (d) What is the standard deviation of the data set? Use the sum from Part (c) and show your work.

Answers

The standard deviation of the data set is 11.75.

To calculate the standard deviation of the data set, we first need to find the variance, which is the average of the sum of squares of the differences between each data value and the mean. We already calculated the sum of squares of the differences in Part (c), which is 828.

The formula for variance is:

variance = sum of squares of differences / number of data values

Since we have six data values, the variance is:

variance = 828 / 6

variance = 138

Now we can calculate the standard deviation, which is the square root of the variance:

standard deviation = sqrt(variance)

standard deviation = sqrt(138)

standard deviation = 11.75 (rounded to two decimal places)

Therefore, the standard deviation of the data set is 11.75.

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Identify the solution(s) of z^2-4=0

Answers

answer

(z+2)(z-2)

steps

its a rule

a²-b²= (a+b) (a-b)

vedantu

3. Find the distance from point A
B(-2, 1) D (0.0) A (2.4) C(2,-1)​

Answers

The distance between point A (2, 4) and point B (-2, 1) is equal to 5 units.

How to determine the distance between the coordinates for each points?

In Mathematics and Geometry, the distance between two (2) end points that are on a coordinate plane can be calculated by using the following mathematical equation:

Distance = √[(x₂ - x₁)² + (y₂ - y₁)²]

Where:

x and y represent the data points (coordinates) on a cartesian coordinate.

By substituting the given end points into the distance formula, we have the following;

Distance = √[(-2 - 2)² + (1 - 4)²]

Distance = √[(-4)² + (-3)²]

Distance = √[16 + 9]

Distance = √25

Distance = 5 units.

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Complete Question:

3. Find the distance from point A to B.

A (2, 4) B (-2, 1) C(2, -1)​ D (0, 0)

Which of the following could be the measures of the three angles of a triangle?
(1) 40°, 90°, 60°
(3) 120°, 30°, 20°
(2) 50°, 100°, 30°
(4) 70°, 70°, 60°

Answers

Answer:

Step-by-step explanation:

The sum of three angles in a triangle is equal to 180°.

(1) 40°, 90°, 60°

40 + 90 + 60 = 190. Therefore, it could not be the measures of the three angles if a triangle.

(3) 120°, 30°, 20°

120 + 30 + 20 = 170. Therefore, it could not be the measures of the three angles if a triangle.

(2) 50°, 100°, 30°

50 + 100 + 30 = 180. Therefore, it could be the measures of the three angles if a triangle.

(4) 70°, 70°, 60°

70 + 70 + 60 = 200. Therefore, it could not be the measures of the three angles if a triangle.

Pedro look out a 4-year loan for $32,500 to help pay his college tuition. He has to pay 4% simple interest on the loan. How much interest will Pedro have to pay?

Answers

The interest Pedro will have to pay is $5200

Calculating how much interest will Pedro have to pay?

From the question, we have the following parameters that can be used in our computation:

Principal = $32.500

Rate = 4% simple interest

Time = 4 years

The formula of simple iinterest is

I = Principal * Rate * Time

substitute the known values in the above equation, so, we have the following representation

I = 32500 * 4% * 4

Evaluate

I = 5200

Hence, Pedro have to pay $5200 as interest

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you are paid 16.50/hr. you work 40 hr/week and 4 weeks/month. Your deductions are FICA (7.65%) and Federal Tax withholding (10%). The following table shows your monthly expenses.


1. What is your gross income per month?

Answers

After considering all the given data we come to the conclusion that the gross income of the given individual is = $2640.

The individual's gross income per month can be evaluated as follows
Gross Income = Hourly rate × Hours worked per week × Weeks per month
Staging the values given in the problem statement:
Gross Income = 16.50 × 40 × 4 = $2640
The FICA tax is a mixture of Social Security and Medicare taxes, here it involves the total 15.3% of earnings. The individual is  responsible for half of the total bill (7.65%), which involves a 6.2% Social Security tax and 1.45% Medicare tax on the individual's earnings.
The Federal Tax withholding is 10% of the individual's gross income per month.
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How many edges on a cylinder?

Answers

A cylinder has two types of edges: the curved edges and the top and bottom edges.

A cylinder is a three-dimensional geometric shape that consists of two circular bases and a curved surface connecting the bases. The circular bases have a certain number of edges, depending on the number of sides each base has.

Since a circle has no straight edges, the circular bases of a cylinder do not contribute any edges.

The curved surface of a cylinder has no straight edges either, as it consists of a smooth, continuous surface.

Therefore, the curved surface does not contribute any edges to the cylinder.

The only remaining edges are the top and bottom edges of the cylinder. Each base of the cylinder has a single edge that runs along the circumference of the circular base.

Hence, the cylinder has two edges from its top and bottom bases.

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4x/3 +x/6=6 can u pls help

Answers

Answer:

Step-by-step explanation:

4x/3 + x/6 =6

get a common denominator first

8x/6 + x/6 =6

then add

9x/6 = 6

multiply by six

9x = 36

divide by 9

x= 4

What is the name of the following triangle?​

Answers

Answer: Obtuse triangle? The line marked with O and E is more than 90 degrees

Step-by-step explanation:

In the figure, A MNP-AXYZ. Find the value of x.
X
P
+F
M
18
N
Z
27
G 12

Answers

The solution is: the values of x and y is 32° and 51° respectively.

Using the triangle theorem, the values of x and y is 32° and 51° respectively

From △MNP

∠M + ∠N + ∠P = 180° (Sum of interior angles in a triangle)

N = 180 - (142 + 24)

N = 180 - 168

N = 14°

Equate the expression :

2x - 50 = 14

2x = 14 + 50

2x = 64

x = 64 / 2

x = 32°

From ; 2x - y = 13 _____(1)

Substitute x = 32 into the expression ;

2(32) - y = 13

64 - y = 13

64 - 13 = y

51° = y

Therefore, the values of x and y is 32° and 51° respectively.

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complete question:

Find the value of x and y. Triangle MNP = triangle TUS

Factor completely 2x² - 18x + 36.
O 2(x − 6)(x − 3)
O 2(x − 6)(x + 3)
O2(x − 3)(x + 6)
O2(x + 3)(x + 6)

Answers

Answer: 2(x − 6)(x − 3) is the answer

Step-by-step explanation:

A sample is taken from all teen drivers at a high school. They are given a
survey that includes the question, "Do you ever engage in the illegal activity of
texting while driving?" What is this an example of?
OA. Nonselection bias
OB. Nonresponse bias
C. Selection bias
OD. Response bias

Answers

The given scenario, where a sample of teen drivers at a high school is surveyed about their engagement in the illegal activity of texting while driving, is an example of Selection bias. Option C

How to determine what type of example

Selection bias occurs when the process of selecting participants for a study or survey is not random or representative of the entire population.

In this case, the sample consists only of teen drivers at a high school, which may not accurately represent all teen drivers in the broader population. The sample is limited to a specific group, which can introduce bias and affect the generalizability of the results to the wider population of teen drivers.

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3) Use the figure to answer the
following question.


These prisms are made from the same size unit cubes.
Which rectangular prism has greater volume?

Some of the cubes might be hidden behind other cubes. Try to visualize all of the cubes.

Choose 1 answer:

*The 2 prisms have equal volume.
*Option A above
*Option B above
*Option C above

Answers

The blue rectangular prism have a greater volume of 36 cubic units which makes the option C correct.

Volume of a rectangular prism

The volume of a rectangular prism is calculated by multiplication of its three dimensions which are the length, width, and height . That is Length × Width × Height in the same units.

volume of red rectangular prism = 4 units × 3 units × 2 units

volume of red rectangular prism = 24 cubic units

volume of blue rectangular prism = 4 units × 3 units × 3 units

volume of blue rectangular prism = 36 cubic units

Therefore, the blue rectangular prism have a greater volume of 36 cubic units

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Sort the square roots into rational or irrational
225
/300
/120
√81
/576
/36
12
A441
/50
/324
/200

Answers

Rational square roots: √225, √81, √576, √36, √441, √324

Irrational square roots: √300, √120, √12, √50, √200

Let's determine whether each square root is rational or irrational:

√225 = 15. This is a rational number since it can be expressed as a fraction of two integers (15 = 15/1).

√300 ≈ 17.32050808. This is an irrational number because it cannot be expressed as a fraction of two integers and it has non-repeating, non-terminating decimal digits.

√120 ≈ 10.95445115. This is also an irrational number for the same reasons as above.

√81 = 9. This is a rational number since it can be expressed as a fraction of two integers (9 = 9/1).

√576 = 24. This is a rational number since it can be expressed as a fraction of two integers (24 = 24/1).

√36 = 6. This is a rational number since it can be expressed as a fraction of two integers (6 = 6/1).

√12 ≈ 3.464101615. This is an irrational number because it cannot be expressed as a fraction of two integers and it has non-repeating, non-terminating decimal digits.

√441 = 21. This is a rational number since it can be expressed as a fraction of two integers (21 = 21/1).

√50 ≈ 7.071067812. This is an irrational number for the same reasons as above.

√324 = 18. This is a rational number since it can be expressed as a fraction of two integers (18 = 18/1).

√200 ≈ 14.14213562. This is an irrational number because it cannot be expressed as a fraction of two integers and it has non-repeating, non-terminating decimal digits.

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Eric is working on the problem:
Hank's Auto Wash recently acquired an automatic car-washing machine that is
expected to generate $45,000 in revenue per year, t years from now, for the next 6
years. If the income is reinvested in a business earning interest at the rate of 8% per
year, compounded continuously, find the Accumulated Total Value of this income
stream at the end of 6 years.
Which of the following is NOT a good method for solving the problem?

Answers

The correct option number that is NOT a good method for solving the problem is: Option C: 20.48.[c-0.08.6-c0] (45000. ((0.08)(6)=0.08. t)at 45000-(00:48) Il 6 -0.08- 1) at -562500- 20.48.[c-0.08.6-c0]

The problem requires finding the Accumulated Total Value of the income stream generated by Hank's Auto Wash over six years, assuming the income is reinvested at an interest rate of 8% per year, compounded continuously. To solve the problem, we need to use the formula for continuous compounding:

A = P[tex]e^{(rt)[/tex]

Where A is the accumulated total value, P is the initial principal (in this case, the annual revenue of $45,000), e is the mathematical constant e (approximately 2.71828), r is the interest rate (0.08), and t is the time period (6 years).

Plugging in the values, we get:

A = 45000[tex]e^{(0.086)[/tex]

A = 45000[tex]e^{0.48[/tex]

A = 450001.6186

A = $72,838.50

Therefore, the accumulated total value of the income stream at the end of 6 years is $72,838.50.

The method that is NOT a good method for solving the problem is "45000.20.48.[c-0.08.6-c0]." This is not a valid formula for calculating the accumulated total value of an income stream under continuous compounding.

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