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arsen [322]
3 years ago
14

Suppose you invest $2000 at an annual interest rate of 4.9% compounded continuously. How much will you have in the account after

20 years?
Mathematics
1 answer:
saul85 [17]3 years ago
5 0
To find this we will first find out how much interest they accrued within 20 years. We'll do that by multiplying all the given factors:

2000 x 0.049 x 20 = 1960
This shows they have made $1,960 in accrued interest. We'll add this sum by the original deposit they made of $2,000.

2000 + 1960 = 3960

In the end of 20 years of accrued interest, the person will have a total of $3,960 in their account.

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What property is x-7=11
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Cummative

Step-by-step explanation:

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Harper deposited $110 into a savings account that earns 3.5% interest a year. The function (R)t models the amount of money Raymo
schepotkina [342]

Answer:

  A.  $2.26

Step-by-step explanation:

An equation for Harper's balance can be written similar to the one written for Raymond's balance. It will be ...

  H(t) = 110(1.035)^t

For t = 2, the two balances will be ...

  H(2) = 110(1.035^2) = 117.83

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The difference is ...

  $117.83 -115.57 = $2.26

Harper's account will have $2.26 more.

_____

As a quick estimate or sanity check, you can see that Harper's interest rate is 1% more than Raymond's. So, in 2 years, he will earn a little more than 2% more on his investment than Raymond earns. 2% of $110 is $2.20, so the difference can be expected to be slightly more than this.

7 0
3 years ago
Using the ratio of perfect squares method, what is square root of 22 rounded to the nearest hundredth?
Alja [10]
4+ \frac{22-16}{25-16} = \\\\ 4 + \frac{6}{9} =\\\\4 + \frac{2}{3} 
=\\\\ \boxed{\bf{4.67}}
 Using the ratio of perfect squares method, the square root of 22 rounded to the nearest hundredth is 4.67

Hope this helps!! If you have any other questions or would like further explanation just let me know!! :)
5 0
3 years ago
What is the relative minimum of the function? <br> if anyone could help it would be appreciated!! :)
AleksandrR [38]

Answer:

-2

Step-by-step explanation:

since the parabola opens upwards, the minimum is at the vertex of the parabola and the maximum is infinity, because the lines of a parabola goes on forever

you look for the smallest x value for the parabola and since you can see that the vertex of the parabola lies on x=-2, the minimum value of the function is -2.

Hope that helps :)

7 0
3 years ago
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