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.
Area is a metric concept that can allow a measurement to be assigned to the extent of a surface, expressed in mathematics as units of measurement called surface units.
Volume = Area of triangle x length
Area of triangle = 1/2 x base x height
Area of triangle = 1/2 x 5 x 4
Area of triangle = 10
Volume = area of triangle x length
Volume = 10 x 12
Volume = 120 cm^3
The second choice my dude
