Solve the problem.How long will it take for $900 to grow to $24,100 at an interest rate of 1.5% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
A. 21.92 yr
B. 219.17 yr
C. 1.5 yr
D. 21,917.15 yr
Answer: B
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Find the APR to the nearest 0.5%. Use the Annual Percentage Rate table if necessary.A student has a total of $2500 in student loans that will be paid with a
installment loan with monthly payments of $61.62. Determine the APR of the loan to the nearest 0.5%.
A. 8.5% B. 7.5% C. 8.0% D. 9.5%
Solve by the substitution method.9x + 8y = 8 5x + 4y = 4
A. (0, 2) B. (-1, 2) C. No solution D. (0, 1)
Write the contrapositive of the statement. Then use the contrapositive to determine whether to conditional statement is true or false.If a line does not intersect a circle in more than one point; then the line is tangent to the circle.
A. If a line is not tangent to a circle, then the line intersects the circle in more than one point. true B. If a line is tangent to a circle, then the line intersects the circle in more than one point. false C. If a line is not tangent to a circle, then the line intersects the circle in more than one point. false D. If a line is tangent to a circle, then the line does not intersect the circle in more than one point. true
Determine whether the given points are collinear. Points are collinear if they can be labeled P, Q, and R so that (3, 10), (1, 4), (-4, -11)
A. Yes B. No