The compound interest formulas are A = P1+-ntand A = PertUse the appropriate formula to solve the problem.If Emery has $1300 to invest at 7% per year compounded continuously, how long will it be before he has$1700? (Round your answer to three decimal places.)31)A) 0.383 yrsB) 4.118 yrsC) 3.832 yrsD) 85.592 yrsUse a system of equations to solve the problem.A store sells tents, sleeping bags, and camp stools. A customer buys a tent, 4 sleeping bags, and 2 campstools for $130. The price of the tent is 8 times the cost of a camp stool. The cost of a sleeping bag is $15more than the cost of a camp stool. Find the cost of a tent.32)A) $20B) $40C) $5D) $48

31.Emery has $1300 to invest at 7% per year compounded continuously Note: Multiple questions…

nt The compound interest formulas are A = 1+ and A = Pert Use the appropriate formula to solve the problem. enbum noleas If Emery has $1300 to invest at 7% per year compounded continuously, how long will it be before he has $1700? (Round your answer to three decimal places.) 31) A) 0.383 yrs B) 4.118 yrs C) 3.832 yrs D) 85.592 yrs

nt The compound interest formulas are A = 1+ and A = Pert Use the appropriate formula to solve the problem. enbum noleas If Emery has $1300 to invest at 7% per year compounded continuously, how long will it be before he has $1700? (Round your answer to three decimal places.) 31) A) 0.383 yrs B) 4.118 yrs C) 3.832 yrs D) 85.592 yrs

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section4.2: The Natural Exponential Function

Problem 2E

See similar textbooks

Similar questions

An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded continuously. How much will theaccount be worth after 15 years?
An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000 Compare the values of the account after 9 yearswhen the interest is compounded annually, quarterly,monthly, and continuously.
Cesium-137 has a half-life of about 30 years. If we begin with 200 mg of cesium-137, will it take more or less than 230 years until only 1 milligram remains?

Recommended textbooks for you

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning