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Aleksandr [31]
4 years ago
11

Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after

10 years? Round the solution to the nearest dollar.
a.$1913


b.$1731


c.$1724


d.$1820
Mathematics
1 answer:
posledela4 years ago
3 0
The correct answer is $1820.

The formula for continuously compounded interest is

A = Pe^(rt), where P is the amount of principal, r is the interest rate expressed as a decimal number, and t is the number of years.  Using our information, we have:

A = 950*e^(0.065*10) = 1819.76 ≈ 1820
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I don't understand number 8
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8 0
3 years ago
Sue and Kathy were doing their algebra homework. They were asked to write the equation of
faltersainse [42]

Answer:both students are incorrect

Step-by-step explanation:

The equation of a straight line can be represented in the slope intercept form as

y = mx + c

Where

m = slope = (change in the value of y in the y axis) / (change in the value of x in the x axis)

Slope = (y2 - y1)/(x2 - x1)

y2 = 1

y1 = 4

x2 = 6

x1 = - 3

Slope = (1 - 4)/(6 - -3) = -3/9 = -1/3

To determine the intercept, we would substitute m = -1/3, x = 6 and y = 1 into y = mx + c. It becomes

1 = -1/3 × 6 + c = -2 + c

c = 1 + 2 = 3

The equation becomes

y = -x/3 + 3

If the equation was written in the slope intercept form which is expressed as

y - y1 = m(x - x1)

It becomes

y - 4 = -1/3(x - - 3)

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Both students are incorrect

5 0
3 years ago
In between what 2 integers is the square root of 48
Murljashka [212]

Answer:

7,6

Step-by-step explanation:

the square root of 49 is 7 and

the square root of 36 is 6

so it must be between 7 and 6

8 0
3 years ago
I need help with this work plz
ki77a [65]

Answer:

wheres the work???⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

3 0
3 years ago
Read 2 more answers
Michael makes $3.00 more an hour than Max. Together they make $45.00 an hour.how much does Max make per hour
Bas_tet [7]

Answer:

$21.00

Step-by-step explanation:

1(x+3)+x=45

x+3+x=45

x+x=42

2x=42

x=21

8 0
3 years ago
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