Assignment:
Q1. 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.
Q2. 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 _______.
Provide complete and step by step solution for the question and show calculations and use formulas.