1. Brad invested $2,300 in a corporate bond that pays 14% interest compounded
continuously. How long will it take
Brad's investment to triple?

Given:

Principal value = $2300

Rate of interest = 14% compounded continuously.

To find:

The time taken by Brad's investment to triple.

Solution:

The formula for amount after the compound interest (Continuously) is:

Where, P is the principal, r is the rate of interest in decimal and t is the time period.

Triple of Brad's investment is

Substituting , we get

Taking natural log on both sides, we get

After approximating the value, we get

Therefore, Brad's investment will take 7.85 years to triple.

50=33x+22

step-by-step explanation:

the answer would be 1 1/72

step-by-step explanation:

you can rewrite the equation by separating the parts and then solving individually:

10-9=1

1/8 - 1/9=

find l c d and then combine:

1 1/72