1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ronch [10]
2 years ago
12

Money in a savings account is compounded continuously over time, t, and is modeled by the function f(t)=1000e0.047t. what is the

rate at which the balance grows?
Mathematics
1 answer:
likoan [24]2 years ago
5 0

<u>Compounded</u><u> continuously the balance grows at a continuous rate of </u><u>1.7%.</u>

What is compound interest ?

  • Compound interest is when you earn interest on both the money you've saved and the interest you earn.
  • So let's say you invest $1,000 (your principal) and it earns 5 percent (interest rate or earnings) once a year (the compounding frequency).

The model used for continuous compounding is

 f(t) = Pe^(rt)

where P is the principal amount, and r is the interest rate being compounded. Assuming a typo in your given equation, you have

 f(t) = 1000·e^(0.017t)

Matching the various parts of the equation, we see that P = 1000 and r = 0.017 = 1.7%.

Therefore, the balance grows at a continuous rate of 1.7%.

Learn more about compound interest

brainly.com/question/14295570

#SPJ4

You might be interested in
Which lines are parallel? Justify your answer.
svlad2 [7]

Answer:

It's C

Step-by-step explanation:

I just took the test :)

7 0
3 years ago
Read 2 more answers
Rewrite 24 * x in a different way, using the commutative property of multiplication. Note that x represents a real number.
Ivan
The communicative property means that multiplied numbers can be multiplied in any order.

3*2*4 is the same as 2*4*3. The answer will be the same.

So (24 * x) is the same as (x * 24).

Hope this helps! :)
7 0
3 years ago
Read 2 more answers
Heather is a cashier and she can ring up 36 customers in 24 minutes. At this rate how many minutes does it take to ring up 6 cos
Jet001 [13]

Answer: 4

Step-by-step explanation:

Let's make a table.

So we know that for 24 minutes, Heather can ring up 36 customers. Now, to get 6 customers, you need to divide 36 by 6.

So

36 = 24

/ 6    /6

_______

6 = <u>4</u>

3 0
3 years ago
Read 2 more answers
Simplify using distributive property -4(3)+(-4)(6)​
klasskru [66]
-4(3)=-12
-4(6)=-24
-12+(-24)=-36
3 0
3 years ago
Read 2 more answers
Hwllppooppppoopppppppp
babunello [35]

Answer:

c

Step-by-step explanation:

because they are in large sizes but small amount of time

5 0
2 years ago
Read 2 more answers
Other questions:
  • 1 hundredth plus 3 tenths equals
    15·1 answer
  • When meat cooks its weigh decreases by approximately 22% justin cooks boneless chicken thighs thats is 8oz before cooking .predi
    11·1 answer
  • I need help on both please
    5·2 answers
  • PLZ HELP
    7·1 answer
  • somebody plz help me (the question i need help with is the one that is circled in pink and has the number 4)
    12·1 answer
  • Enter five million, twenty thousand, twenty six in expanded form
    6·1 answer
  • Draw an area model and then solve using the standard algorithm 27x36=
    15·1 answer
  • Solving Inequalities, HELP PLEASE.!!
    5·2 answers
  • Brita has a monthly budget of x dollars. Every month, $1,425 is spent on her mortgage. One-third of her remaining budget is spen
    8·1 answer
  • Is y= 2x (linear or nonlinear)
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!