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Cerrena [4.2K]
3 years ago
15

It is in the attachment.

Mathematics
1 answer:
Setler79 [48]3 years ago
3 0

Answer:

you would have to pay $43.20

Step-by-step explanation:

15+32.50=47.50

47.50x.08=3.80

47-3.80=43.20

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\bf ~~~~~~ \stackrel{\textit{daily}}{\textit{Continuously}} \textit{Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$9600\\ r=rate\to 4.4\%\to \frac{4.4}{100}\dotfill &0.044\\ t=years\to \frac{9}{12}\dotfill &\frac{3}{4} \end{cases} \\\\\\ A=9600e^{0.044\cdot \frac{3}{4}}\implies A=9600e^{0.033}\implies A\approx 9922.09 \\\\\\


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