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Anastasy [175]
3 years ago
7

Suppose you invest $400 at an annual interest rate of 7.6% compounded continuously. How much will you have in the account after

1.5 years? Round the solution to the nearest dollar.
Mathematics
1 answer:
likoan [24]3 years ago
6 0
\bf ~~~~~~ \textit{Compounding Continuosly Interest Earned Amount}\\\\
A=Pe^{rt}\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$400\\
r=rate\to 7.6\%\to \frac{7.6}{100}\to &0.076\\
t=years\to &1.5
\end{cases}
\\\\\\
A=400e^{0.076\cdot 1.5}\implies A=400e^{0.114}
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Substitute the actual values of the points into the distance formula.

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Subtract 0 from −6

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Raise −6 to the power of 2

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\bf \begin{array}{|c|c|c|ll}
\cline{1-3}
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\cline{1-3}&&\\
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3 years ago
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konstantin123 [22]

How to solve your question

Your question is

4

+

1

=

2

−

5

4x+1=2x-5

4x+1=2x−5

Solve

1

Subtract  

1

1

1

from both sides of the equation

2

Simplify

3

Subtract  

2

2x

2x

from both sides of the equation

4

Simplify

5

Divide both sides of the equation by the same term

6

Simplify

Solution

=

−

3

3 0
3 years ago
Read 2 more answers
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