German TV and radio users pay an annual license fee of 200 euros. In 2008, the German poet Friedrich Schiller, who died in 1805, was sent reminders to pay his license fee.1 (The reminders were sent to an elementary school named after Schiller, despite a teacher pointing out that "the addressee is no longer in a position to listen to the radio or watch television".) Assume the license fee had been charged at a continuous rate of 200 euros per year since 1805 and that the continuous interest rate was 2% per year over this period. If Schiller were charged the license fee, with interest, since his death, how much would he have owed by 2008?

German TV and radio users pay an annual license fee of 200 euros. In 2008, the German poet Friedrich Schiller, who died in 1805, was sent reminders to pay his license fee.1 (The reminders were sent to an elementary school named after Schiller, despite a teacher pointing out that "the addressee is no longer in a position to listen to the radio or watch television".) Assume the license fee had been charged at a continuous rate of 200 euros per year since 1805 and that the continuous interest rate was 2% per year over this period. If Schiller were charged the license fee, with interest, since his death, how much would he have owed by 2008?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Systems Of Equations

Section11.CT: Test

Problem 24CT

See similar textbooks

Similar questions

Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of Kenyan beans, and 150 grams of French roast beans and the gourmet blend contains 100 grams of Colombian beans, 350 grams of Kenyan beans, and 50 grams of French roast beans. This time the merchant has on hand 30 kilograms of Colombian beans, 15 kilograms of Kenyan beans, and 15 kilograms of French roast beans. Suppose one bag of the house blend produces a profit of $0.50, one bag of the special blend produces a profit of $1.50, and one bag of the gourmet blend produces a profit of $2.00. How many bags of each type should the merchant prepare if he wants to use up all of the beans and maximize his profit? What is the maximum profit?
Repeat Example 5 when microphone A receives the sound 4 seconds before microphone B.
has just completed her second semester in college. She earned a grade of D in her 4-hour discrete math course, a grade of D in her 5-hour economics course, a grade of A in her 1-hour engineering course, and a grade of A in her 4-hour creative writing course. Assuming that A equals 4 points, B equals 3 points, C equals 2 points, D equals 1 point, and F is worth no points, determine Susan's grade-point average for the semester.
The VIP cafeteria door on the Death Star promptly opens at 11:00 am and closes at 1:00 pm (Standard Galactic Time). Nobody is allowed to enter at other times but guests can stay until they finish their meal. To keep their lean physiques, Sith Lords usually spend their allotted 10-minute lunch break in the cafeteria sipping organic kale smoothies. Darth Sidious has a yoga class at 11:00 am, so he never has lunch before noon. Darth Vader must use a straw, so he is allowed an additional 3 minutes to slurp his smoothie. What is the probability that the two of them meet today in the cafeteria? Use continuous probabiltiy
The VIP cafeteria door on the Death Star promptly opens at 11:00 am and closes at 1:00 pm (Standard Galactic Time). Nobody is allowed to enter at other times but guests can stay until they finish their meal. To keep their lean physiques, Sith Lords usually spend their allotted 10-minute lunch break in the cafeteria sipping organic kale smoothies. Darth Sidious has a yoga class at 11:00 am, so he never has lunch before noon. Darth Vader must use a straw, so he is allowed an additional 3 minutes to slurp his smoothie. What is the probability that the two of them meet today in the cafeteria?