anonymous
  • anonymous
How long would 1 cent grow to 1000000 if compounded daily (365 times in one year)?? I know the formula is A=P(1+r/n)squared(n*t)..
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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dumbcow
  • dumbcow
whats the interest rate
anonymous
  • anonymous
i think thats what im supposed to find..
dumbcow
  • dumbcow
then you need to know time, how long it takes can't solve one without the other

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anonymous
  • anonymous
oh no we are trying to find time... it says the inerest rate is 365? i think
dumbcow
  • dumbcow
no 365 is our n, num of times interest is credited in a year
dumbcow
  • dumbcow
you have the right formula, however we don't know r or t
dumbcow
  • dumbcow
there must be more info to the problem
anonymous
  • anonymous
its 10 %
dumbcow
  • dumbcow
ok 1,000,000 = (1+.1/365)^365t 1 + .1/365 = 1.000273973 use logs log(1,000,000)/log(1.000273973) = 365t 50433.448 = 365t 138.17 = t takes about 138 yrs and 2 months
anonymous
  • anonymous
omgee i get it :)11 thank you!!
dumbcow
  • dumbcow
:)
anonymous
  • anonymous
8. The following graph shows data for a particular SUV driven on city streets. Suppose a compact car can travel twice as far as the SUV on the same amount of gas. Answer the following questions. Please show all of your work. At what rate does the SUV consume gas?

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