Purchase Solution

Compound interest and straight lines

Not what you're looking for?

Ask Custom Question

1. If a person has $100 to invest at 5% per annum compounded monthly; how long will it be before she has $150? If the compounding is continuous, how long will it be?
A) Compounding monthly, it will be about ___ years before the person has $150. Round answer to 2 decimal places as needed.
B) Compounding continuously, it will be about ___ years before the person has $150. Round answer to 2 decimal places as needed.

2. Find the equation of the line with the given properties. Express the equation in general form or slope-intercept for perpendicular to the line -7x +y - 48 and contains point (-7, -2). The equations of the line is _______.

Purchase this Solution
Solution Summary

This solution provides step by step answers to two basic algebra problems: one problem of compound interest and a problem of straight line are solved.

Solution Preview

1. If a person has $100 to invest at 5% per annum compounded monthly; how long will it be before she has $150? If the compounding is continuous, how long will it be?

P = $100
A = $150
r = 5% = 0.05

Time t in ...

Solution provided by:
Amrit Lal Ahuja, PhD (IP)
Education
  • BEng, Allahabad University, India
  • MSc , Pune University, India
  • PhD (IP), Pune University, India
Recent Feedback
  • " In question 2, you incorrectly add in the $3.00 dividend that was just paid to determine the value of the stock price using the dividend discount model. In question 4 response, it should have also been recognized that dividend discount models are not useful if any of the parameters used in the model are inaccurate. "
  • "feedback: fail to recognize the operating cash flow will not begin until the end of year 3."
  • "Answer was correct"
  • "Great thanks"
  • "Perfect solution..thank you"
Purchase this Solution
Free BrainMass Quizzes
Probability Quiz

Some questions on probability

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

View More Free Quizzes
Related BrainMass Solutions

  • Exponential Modeling: Simple and Compound Interest

    E The simple interest balance scatterplot forms a straight line. The compound interest balance scatterplot forms an exponential graph.

  • Bonds Payable - calculate issue price and amortize premium

    Initially the carrying value if higher since the premium is not amortized and so the interest expense under the compound interest method is higher. So in 2009, the interest expense under the compound interest method would be higher d.

  • Compound interest calculation

    91230 Compound interest calculation 1. You played the lottery numbers 245 straight and boxed, and won $2311.40. You want to go on vacation to the Dude Ranch and figure you need $2500.00 to afford it in two years.

  • Perl Program - Mortgage Calculator

    Percent per year compound interest Use the following formula to determine the total amount of each payment: n = months * 12 r = percent per year compound interest L = loan amount P = Lr(1+r/1200)^n/[1200{(1+r/1200)^n - 1}] The program must include

  • net after-tax cash effect of operations, cash flow, depreciation

    The van will have a useful life of 5 years, no terminal salvage value, and tax depreciation will be calculated using the straight-line method.

  • Straight lines and planes

    31174 Straight lines and planes... Describe the 3 possible relationships for 2 straight lines in the same plane. Straight lines may be their orientation to the observer's horizon or in terms of their orientation to each other. 1.

  • flaw with Euclid's first proposition

    Therefore the three straight lines AC, AB, and BC equal one another. Therefore the triangle ABC is equilateral, and it has been constructed on the given finite straight line AB.

  • Graph the solution set to each compound inequality

    Graph the solution set to each compound inequality ________________________________________ x>3 or x<-3 For x>3, it is For x<-3, it is Note: Not including the lines x=3 or x=-3 The expert graphs the solution set to each compound inequality

  • Compound Inequalities

    If 3 - x < y + 2, then -x < y + 2 - 3 Or x > 1 - y Or x + y > 1 If x > y + 5, then x - y > 5 So we first plot the two lines and then take the intersection of relevant hyperplanes. A compound inequality is graphed.

View More Related Solutions