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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}
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Find the slope of the line.
cricket20 [7]
Your slope would be -1/4x. If you look at the y-intercept on your graph, which is -2, you would start to count up one box and over 4 boxes to the left. We call this rise/run. So knowing what the slope is now, your entire equation would be            y= -1/4x - 2. (Also, if the line is going up towards the left it is a negative slope, if it's to the right it is positive.) I hope this helps love! :) 
7 0
3 years ago
Read 2 more answers
What is 13x -4+100=180
Naddika [18.5K]

Answer: x = 6.46153846

Step-by-step explanation:

We are given the equation <em>13x - 4 +100 = 180</em>, and we must find the value of <em>x</em>. In order to do that get x on on one side by itself and a constant on the other side by itself.

This first step is to combine like terms. <em>13x</em> is by itself. <em>-4 + 100 = 96</em>. This gives us the equation <em>13x +96 = 180</em>.

In order to get <em>x </em>by itself, subtract 96 from each side of the equation. This gives us the equation 13x = 84.

Next, divide each side by 13 to find x. This gives us x = 6.46153846

13x - 4 +100=180

13x + 96 = 180

13x = 84

x = 6.46153856

Hope this helps! Have a nice day!

3 0
3 years ago
Solve for x in the literal equation -20=xy +z.​
erastovalidia [21]

Answer:

-(20+z)/y = x

Step-by-step explanation:

-20=xy +z

Subtract z from each side

-20 -z = xy+z-z

-20 -z = xy

Divide each side by y

(-20 -z)/y = xy/y

Factor out a negative

-(20+z)/y = x

5 0
3 years ago
Five lemons costs 1.80.What is the cost per lemon.At this rate ,what is the cost of mine lemons
rodikova [14]

If you mean 9 lemons

1 lemon = .36¢

9 lemons = $3.24

3 0
3 years ago
Read 2 more answers
00000000505 as an scientific notation.
vichka [17]
<span>The number 123,000,000,000 in scientific notation is written as : 1.23 * 10 to the eleventh power.
Thats an example to help you out ;) 

</span>
6 0
3 years ago
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