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2 years ago

Suppose you invest $500 at an annual interest rate

Mathematics

2 answers:

qwelly [4]2 years ago

7 0

Answer:

$584.41

Step-by-step explanation:

From this information, we can write the following equation:

where t is the number of years.

To find out the amount after 4 years, we can simply plug in 4 for t:

≈ $584.41

Artist 52 [7]2 years ago

5 0

Answer:

$584.41

Step-by-step explanation:

From this information, we can write the following equation:

$P = 500(e)^{0.039t$ where t is the number of years.

To find out the amount after 4 years, we can simply plug in 4 for t:

$P = 500(e)^{0.039(4))\\$

≈ $584.41

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