(a) Suppose the landlord invests a security deposit of $ 850 at a rate of 4 % compounded continuously. What is his net gain or loss after one year, rounded to the nearest cent? Use a negative number to denote a loss. Answer: $ (b) Suppose the landlord invests a security deposit of $ 850 at a rate of 5.5 % compounded continuously. What is his net gain or loss after one year, rounded to the nearest cent? Use a negative number to denote a loss. Answer: $
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apartment is undamaged when you leave. In some localities, the landlord is required to pay the tenant interest once a year compounded yearly. Assume that the landlord is required to pay the tenant interest of 5 % compounded annually.
Given that landlord has to pay 5% of compound interest to tenant.
(a) Considering First case
Lndlord invested (P0)=$850
Interest rste (R) = 4%
Time (T) = year
Formula for continuos compounding
P1=P0 eRT - P0
P1= 850.e4*/100 - 850
P1 = 850.e4/100 - 850
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