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o-na [289]
2 years ago
15

An account has $26,000 after 15 years. The account received 2.3 percent interest compounded continuously. How much was deposited

initially. Show all work.
Mathematics
1 answer:
Leya [2.2K]2 years ago
7 0

The intital amount deposited was  $18485.82.

<h3>How to find the compound interest?</h3>

If n is the number of times the interested is compounded each year, and 'r' is the rate of compound interest annually, then the final amount after 't' years would be:

a = p(1 + \dfrac{r}{n})^{nt}

An account has $26,000 after 15 years. The account received 2.3 percent interest compounded continuously.

A = 26000

R = 0.02.3

a = p(1 + \dfrac{r}{n})^{nt}

26000 = p(1 + \dfrac{2.3}{100})^{15}\\\\26000 = p \times 1.4064\\\\\P= 18485.82

Therefore, the intital amount deposited was  $18485.82.

Learn more about compound interest here:

brainly.com/question/1329401

#SPJ1

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Step-by-step explanation:

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Do not round intermediate calculations. round your answers to two decimal places. a. define a random variable number of times th
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Observations can you make from a comparison of the number of water supply stoppages reported by owner-occupied units versus renter-occupied units 1.

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x = no. of times owner-occupied units had a water supply stoppage.

<h3>What is the probability at x =0?</h3>

P(x=0) = 547000/14770000

P(x=0) = 0.0370

Similarly, we have at x=1

P(x=1) = 5012000/14770000

P(x=1) = 0.3393

P(x=2) = 6110000/14770000

P(x=2) = 0.4137

P(x=3) = 2544000/14770000

P(x=3) = 0.1722

P(x=4) = 557000/14770000

P(x=4) = 0.0378

x           f(x)

0             0.0370

1              0.3393

2         0.4137

3              0.1722

4         0.0378

Total     1

Observations can you make from a comparison of the number of water supply stoppages reported by owner-occupied units versus renter-occupied units 1.

To learn more about the probability distribution visit:

brainly.com/question/24756209

#SPJ1

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