We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
3.44571
Step-by-step explanation:
look at the number to the right of the decimal. if the number is higher than or is 5 round the number up, but if the number is less than 5 it will stay the same.
Answer:
No. Dividing by 0 is not rational, no number works.
10g^3 - 8g^2 + 5g - 14 + 10g^2 + 12g
its just a matter of combining like terms
10g^3 + 2g^2 + 17g - 14
Answer:
16
Step-by-step explanation:
1400/85 = 16.47
largest integer below that is 16
