Finding Account Balances In Exercise,complete the table to determine the table A for P dollars invested at rate r for t years,co mpounded n times per year .see Example 3. n 1 2 4 12 365 continuous compounding
A
p = $1000,r = 4%,t = 20 years
1 answer:
Answer:
n = 1, A = $2,191.12
n = 2, A = $2,208.04
n = 4, A = $2216.71
n = 12, A = $2222.58
n = 365, A = $2225.44
Compound continuously, A = $2,225.54
Step-by-step explanation:
We are given the following in the question:
P = $1000
r = 4% = 0.04
t = 20 years
Formula:
The compound interest is given by
where P is the principal, r is the interest rate, t is the time, n is the nature of compound interest and A is the final amount.
For n = 1
For n = 2
For n = 4
For n = 12
For n = 365
Compounded continuously:
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Answer:
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Answer:
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Step-by-step explanation:
(y2-y1) / (x2-x1)
->
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They are both fractions, but 3/3 is 1 whole and 4/4 is 1 whole also.
so 1 whole times 1 whole equals 1
number form of my explanation:
3/3=1
4/4=1
1x1=1
Describe complete!
Answer:
x - 3
Step-by-step explanation: