$3550 $ ⁢ 3550 is invested at 10.0% 10.0 % compounded continuously. how long will it take for the balance to reach $7100 $ ⁢ 7100 ? round your answer to two decimal places, if necessary.

6.93 years.

Step-by-step explanation:

We have been given that $3550 is invested at 10.0% compounded continuously.

To solve our given problem, we will use continuous compounding formula.

, where,

A = Final amount,

P = Principal amount,

e = Mathematical constant,

r = Interest rate in decimal form,

t = Time

Substitute the given values:

Take natural log of both sides:

Using property , we will get:

Switch sides:

Therefore, it will take approximately 6.93 years for the balance to reach $7100.

15%

step-by-step explanation:

use the table and count the number of guesses that has two correct answers.

the following are two correct answers

10010, 01100, 11000

a total of 3 numbers having 2 correct guesses out of 20 questions.

probability of getting 2 correct guesses = the number of questions getting 2 correct answers / total number of questions.

= 3/20

to convert it into percent multiply by 100, we get

= 3/20 * 100

= 15%

the answer is 15%

you.

the answer is a

step-by-step explanation:

39.00 x 24 = total installment price

carrying installment price - cash price

needed to save the .00/