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)..
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whats the interest rate
i think thats what im supposed to find..
then you need to know time, how long it takes
can't solve one without the other
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oh no we are trying to find time... it says the inerest rate is 365? i think
no 365 is our n, num of times interest is credited in a year
you have the right formula, however we don't know r or t
there must be more info to the problem
its 10 %
1,000,000 = (1+.1/365)^365t
1 + .1/365 = 1.000273973
log(1,000,000)/log(1.000273973) = 365t
50433.448 = 365t
138.17 = t
takes about 138 yrs and 2 months
omgee i get it :)11 thank you!!
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?