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1 answer:
Using conversions of mixed numbers, the numbers that are equivalent to 2 and 7/9 are given by:
25/9 and 2.777.
<h3>What are the conversions of the mixed number 2 and 7/9?</h3>To convert to decimal, we just add the integer part with the fractional part converted to decimal(dividing the numerator by the denominator), hence:
2 and 7/9 = 2 + 7/9 = 2.7777.
To convert to fraction, the procedure is similar, we just apply the least common multiple to add the fraction, as follows:
Hence the numbers that are equivalent to 2 and 7/9 are given by:
25/9 and 2.777.
More can be learned about conversions of mixed numbers at brainly.com/question/21610929
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Answer:
a)
The function that represents the value of the account at any time, t
b)
The total amount accrued, principal plus interest, from compound interest on an original principal of $ 5,500.00 at a rate of 3.75% per year compounded continuously over 6 years is $ 6,887.77.
Step-by-step explanation:
a. Write the function that represents the value of the account at any time, t.
The function that represents the value of the account at any time, t
where
A represents the Future Value
P represents the Principle (Initial Value)
r represents the Interest rate
t represents the time
b) What will the value be after 6 years?
Given
The principal amount P = $5500
Annual Rate r = 3.75% = 3.75/100 = 0.0375
Time Period t = 6 years
To Determine:
The total amount A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 5,500.00 at a rate of 3.75% per year compounded continuously over 6 years is $ 6,887.77.