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 $7499.82 will be in account after 2 years.
First let
, so that
to write the integral as
Now recall that
, so substituting
should do the trick. The integral then becomes
Answer:
hvf yiuu Rex gghghhhhtctvuu122223850885bbbbbbbbygggggggggggggggggggggggh
Answer:
area of square =length × length ×height
=6×6×8
=288
Answer:
3/ and 2/4X70$= C
Step-by-step explanation: