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Fudgin [204]
4 years ago
7

A continuously compounded account starts with $2500 in principal. The annual interest rate is 11.3%. What is the balance after 1

5 years?

Mathematics
2 answers:
Anna007 [38]4 years ago
8 0
Hi there
The formula is
A=pe^rt
A future value?
P present value 2500
R interest rate 0.113
T time 15 years

A=2,500×e^(0.113×15)
A=13,616.61

Hope it helps
Licemer1 [7]4 years ago
6 0
Here's your answer the symbol is too troublesome to type out

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Step-by-step explanation:

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Work Shown:

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How do I get the answer??
Lubov Fominskaja [6]

Answer:

4√10

Step-by-step explanation:

Hello!

Let's first simplify the radical.

We can do this by expanding the radical:

We need to pull out a perfect square factor to expand a radical and simplify it. In 45, we have 9 and 5 multiplied, and 9 is a perfect square.

Let's work with √45:

  • √45 can be written as √9 * √5 (using the rule √ab = √a * √b)
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Now we can simplify the operation in the parenthesis by combining like terms:

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Now using the same rule as above, we can multiply the values:

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Your solution is 4√10

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3 years ago
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