Solve the problem.Assume the cost of a car is $27,000. With continuous compounding in effect, find the number of years it would take to double the cost of the car at an annual inflation rate of 4%. Round to the nearest hundredth.

A. 17.33 yr
B. 272.42 yr
C. 2.55 yr
D. 255.09 yr


Answer: A

Mathematics

You might also like to view...

Solve the problem.You have a tax refund of $496.61. You are able to get the tax refund immediately from your tax preparation agency for a finance charge of $49.88. What annual simple interest rate are you paying for this loan assuming the tax refund check would be available in 13 days? Round to the nearest hundredth.

A. 27.81% B. 30.92% C. 309.20% D. 278.14%

Mathematics

Solve the equation f(x) = 0 analytically and then use the graph of y = f(x) to solve the inequalities f(x) < 0 and f(x) = 64x - 4 - 4

A.
B.
C.
D.

Mathematics

Establish the identity.(1 - cos x)(1 + cos x) = sin2x

What will be an ideal response?

Mathematics

Solve the system of linear equations. If the system has infinitely many solutions, describe the solution with an ordered triple in terms of variable z.4x - y + 3z=12x + 4y + 6z=-325x + 3y + 9z=20

A. (2, -7, -1) B. (-8, -7, 9) C. no solution D. (8, -7, -2)

Mathematics