Three teachers of General trias cavite named Jobert. Ferdinand. and Renz joined the longest driving competition in the province cavite Sir Jobert travelled 134.867 meters using his blue car Sir Renz travelled 134.678 meters using his red car Who got the farthest position among them? Arrange the decimals from nearest to farthest.
Answers
Suppose you invest a dollars to earn an annual interest rate of r percent (as a decimal). after t years, the value of the investment with interest compounded yearly is a(t) = a(1+r)^t. the value with interest compounded continuously is a(t) = a . e^rt. for each situation find the unknown quantity, such that continuous compounding gives you a $1 advantage over annually compounded interest. show your work. · how much must you invest for 1 year at 2%? · at what interest rate must you invest $1000 for 1 year? · for how long must you invest $1000 at 2%?
Soultion
Suppose you invest a dollars to earn an annual interest rate of r percent (as a decimal). after t years, the value of the investment with interest compounded yearly is a(t) = a(1+r)^t. the value with interest compounded continuously is a(t) = a . e^rt. for each situation find the unknown quantity, such that continuous compounding gives you a 1 advantage over annually compounded interest. show your work. · how much must you invest for 1 year at 2%? · at what interest rate must you invest 1advantageoverannuallycompoundedinterest.showyourwork.⋅howmuchmustyouinvestfor1yearat21000 for 1 year? · for how long must you invest $1000 at 2%?