1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
3 years ago
11

How do you compound interest continuously??

Mathematics
1 answer:
Mkey [24]3 years ago
7 0
The question states the interest is compounded annually. We have to use the given formula for this.

Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1

Using the values in the given formula we get:

A(t)=500(1+ \frac{0.06}{1})^{12*1} \\  \\ 
A(t)=$1006.10

Thus, rounding to nearest cent the answer to this question is 1006.10

However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:

A(t)=Pe^{rt}
You might be interested in
Which represents the solution of –9.5 + 6x ≥ 42.1 using interval notation?
OlgaM077 [116]
Hello : 
<span>–9.5 + 6x ≥ 42.1
6x </span>≥ 42.1 + 9.5
6x ≥ 51.6
x ≥ 51.6/6
x ≥ 8.6
using interval notation: <span>[8.6  ; +∞[ </span>
5 0
3 years ago
QUICKK EXPERTS/ACE/GENIUSES<br> ( question #2 )
kiruha [24]

180 - 90 -18 = 72


Answer is D 72 degrees

3 0
3 years ago
What factor does the width of the peak of a normal curve depend on?
Katyanochek1 [597]
The width of a peak depends on A. Standard deviation
8 0
3 years ago
Read 2 more answers
The _______ of an observation is determined by how far the values of the independent variables are from their means.
stira [4]

Answer:

The leverage of an observation is determined by how far the values of the independent variables are from their means.

7 0
3 years ago
Enter your answer and show all the steps that you use to solve this problem in the space provided. Find the values of x and y.
satela [25.4K]

Answer : The value of x and y is, 90^o and 43^oC

Step-by-step explanation :

First we have to calculate the angle B.

As we know that,

The given triangle is an isosceles triangle in which the angles opposite to equal sides are always equal.

Thus, \angle B=\angle C

Given : \angle C=47^o

\angle B=\angle C=47^o

\angle B=47^o

Now have to calculate the angle A.

As we know that the sum of interior angles of a triangle is equal to 180^o.

\angle A+\angle B+\angle C=180^o

\angle A+47^o+47^o=180^o

\angle A+94^o=180^o

\angle A=180^o-94^o

\angle A=86^o

Now we have to determine the angle y.

As we know that, line AD is an angle bisector. That means, it divides into two equal angles. So,

\angle y=\frac{\angle A}{2}

\angle y=\frac{86^o}{2}

\angle y=43^o

Now we have to determine the angle x.

As we know that the sum of interior angles of a triangle is equal to 180^o.

\angle y+\angle B+\angle x=180^o

43^oc+47^o+\angle x=180^o

\angle x+90^o=180^o

\angle x=180^o-90^o

\angle x=90^o

Thus, the value of x and y is, 90^o and 43^oC

6 0
3 years ago
Other questions:
  • Emily spent $55 from her savings on a new dress. explain how to descibe the change Emily's savings balance in 2 different ways
    9·1 answer
  • Use the Pythagorean Theorem to find the distance from Emma's house to the library.
    11·1 answer
  • Determine the correct scientific notation form of the number.
    15·2 answers
  • S is between Band C.<br> True<br> False
    13·1 answer
  • The base of this regular right pyramid is a square. <br><br><br><br> What is its surface area?
    7·1 answer
  • Pollsters often use randomly selected digits between 0 and 9 to generate parts of telephone numbers to be called. What is the di
    9·1 answer
  • (5 hundreds 5 tens) ×10 explain
    11·1 answer
  • 13/10 ÷ 2/10 = ?????​
    7·2 answers
  • Please answer this:<br><br> 27+4×(8−4)
    8·2 answers
  • The total weight of samsiah and Julia is twice the weight of Mary. if samsiah weighs 54 kg and Mary weighs 60 kg, find the actua
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!