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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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Step-by-step explanation:

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1. There are rivets on the belts.

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2. The extra information given in the problem is the information that we didn't use to solve it. In this case:

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4 0
3 years ago
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elena-s [515]
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