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1 answer:

5 0

$15000 compounded continuously at a rate of 3% for 11 years will yield a final amount of $20864.52. The equation for continuously compounded interest A = Pe^rt where A=End Amount P=Inital Amount e=eulers number (approximately 2.7) r=growth rate per year and t= time. So for your problem, p= 15000 r= 3 and t= 11. Plug that into your calculator and you'll get $20864.52.

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4 years ago

You have decided to purchase a car for $25,625. The credit union requires a 10% down payment and will finance the balance with a

mash [69]

9514 1404 393

Answer:

total purchase price: $27,722.01

Step-by-step explanation:

The price of the car plus tax is ...

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Adding license and title charges brings the total to ...

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Additional comment

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3 years ago

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-Dominant- [34]

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4 years ago

Read 2 more answers

Offering 30 points and branliest ‼️‼️‼️ show work

GaryK [48]

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