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marissa [1.9K]
3 years ago
13

Arjun invests $3,340 in a retirement account with a fixed annual interest rate of 6% compounded continuously. What will the acco

unt balance be after 20 years.
Social Studies
1 answer:
creativ13 [48]3 years ago
4 0

Answer:

= $ 11,089.19

Explanation:

Using the formula  A = Pe^(r*t).

Where A is the accrued amount,

r is the annual nominal rate of interest as a decimal,

P is the principal amount, and

t is the time involved in years

Therefore;

A = Pe^(r*t).

  r = 0.06; P = 3340; t = 20.

A = 3340 × e^(0.06×20)

    = 11,089.19

    = $11,089.19

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Answer: Your question is incomplete. Please let me assume this to be your question;

A student watches the teacher fold a napkin, the student went home and helped the mother to fold napkin for her baby sister. Through what learning process did the students learn to fold the napkin? Correct Answer(s) Drag appropriate answer(s) here

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<em>Answer:</em>

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