1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
15

you invest $2800 in an account that pays an interest of 5.5%, compounded continuously. calculate the balance of your account aft

er 12 years. round answer to the nearest hundredth. LAST QUESTION AND I NEED IT CORRECT PLSSS
Mathematics
2 answers:
LuckyWell [14K]3 years ago
5 0

Hi, hope this helps you. Have a good day. :)

Answer:

A = $5,417.42 (balance of the account)

I = $2,617.42

AlexFokin [52]3 years ago
5 0

Answer:

The balance in the account after 12 years is $5417.42

Step-by-step explanation:

* Lets talk about the compound continuous interest

- Compound continuous interest can be calculated using the formula:

 A = P e^rt

• A = the future value of the investment, including interest

• P = the principal investment amount (the initial amount)

• r = the interest rate

• t = the time the money is invested for

- The formula gives you the future value of an investment,

  which is compound continuous interest plus the

  principal.

- If you want to calculate the compound interest only, you need

 to deduct the principal from the result.

- So, your formula is:

 Compounded interest only = Pe^(rt)  - P

* Now lets solve the problem

∵ P = $ 2800

∵ r = 5.5/100 = 0.055

∵ t = 12

∴ A = 2800 e^(0.055 × 12) = $5417.42

* The balance in the account after 12 years is $5417.42

You might be interested in
Every month, the plant grows another 6 cm. After two months
nignag [31]

Answer:

49 cm

Step-by-step explanation:

To find the height of the plant after 4 months, add 12 to 37, since the plant grows 6 cm each month:

37 + 12

= 49

So, after a total of 4 months, the plant will be 49 cm tall

6 0
3 years ago
GIVING BRAINLIEST! IM BEGGING YOU PLEASE HELP ME THIS IS DUE TODAY AND I NEED TO HELP MY FRIEND! I CANT HELP THEM UNTIL I FINISH
RSB [31]

Here are the answers

C) 118

D) 64

A) pi(d)

B) ST

A) 22, 61, 97

8 0
3 years ago
Read 2 more answers
PLS HELP! which graph is the function 3x + 2y = 8 with the given domain {-2,0,2,4}??
Romashka [77]

Answer:

D

Step-by-step explanation:

Domain of the function 3x + 2y = 8 are the possible set of x-values represented as {-2, 0, 2, 4}.

To know which graph represents the above given function, find the range values of the function by plugging in each value of x into the equation, to find y.

For x = -2,

3(-2) + 2y = 8

-6 + 2y = 8

2y = 8 + 6

2y = 14

y = 14/2

y = 7

(-2, 7)

For x = 0,

3(0) + 2y = 8

0 + 2y = 8

2y = 8

y = 8/2

y = 4

(0, 4)

For x = 2,

3(2) + 2y = 8

6 + 2y = 8

2y = 8 - 6

2y = 2

y = 2/2

y = 1

(2, 1)

For x = 4,

3(4) + 2y = 8

12 + 2y = 8

2y = 8 - 12

2y = -4

y = -4/2

y = -2

(4, -2)

The graph which shows the following set of coordinates pairs calculated above, ((-2, 7), (0, 4), (2, 1), (4, -2)), is the graph of the function 3x + 2y = 8.

Thus, the graph in option D the shows the following calculated coordinate pairs. Therefore, graph D is the answer.

7 0
3 years ago
Winston drove a total of 248 miles on monday. he drove 70 fewer miles in the morning than he did in the afternoon. how many mile
Zigmanuir [339]
He drove 178 miles in the afternoon. 248-70=178
5 0
3 years ago
Express in the form n : 1 12 : 2
Thepotemich [5.8K]

Answer:

6 : 1

Step-by-step explanation:

Given the ratio

12 : 2 ( divide both parts by 2 )

= 6 : 1 ← in the form n : 1

4 0
3 years ago
Other questions:
  • Use rectangular model to record the partial quotients 852/6.
    7·1 answer
  • Ms Hernandez has 17 tomato plants that she wants to plant in rows. She will put 2 plants some rows and 1 plant in the others. Ho
    5·1 answer
  • A restaurant charges a single price for its Buffet the total bill for a table of 6 people having the buffet was $294 each of the
    15·1 answer
  • What expression shows the relationship between the value of any term and n, its position in the sequence for the given sequence?
    12·1 answer
  • Find the area of the triangle with height (x+8) and base (2x+4). (A=1/2bh)
    5·1 answer
  • What numbers have a sum of 20 and the difference is 4
    7·2 answers
  • How does newtons first law of motion apply to a ball rolling across the gym floor after and unbalanced force is applied?
    10·2 answers
  • What is the value of x in the figure at the right?
    11·1 answer
  • A recent gallup study reported that firms with top engagement scores had _____ higher profitability.
    15·1 answer
  • Is ac perpidicular to xz? explain
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!