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
Alisiya [41]
3 years ago
11

You invests $1,400 in an account that pays an interest rate of 5.5%,combounded continoulsy.

Mathematics
1 answer:
Mrrafil [7]3 years ago
8 0
Formula for compounding continuously is:

A = Pe^(RT)

A = Amount, P = Principal, e = constant ≈ 2.71828..., R = Rate per year,

T = Time.

A = ?, P = $1400, R = 5.5% = 5.5/100 = 0.055, T = 6 years.

 A = Pe^(RT)

A = 1400*(2.71828)^(0.055*6)        use a calculator.

A ≈ 1947.35

Amount or balance is  ≈ $1947.35

I hope this helps.
You might be interested in
Need help with this math question
Hoochie [10]

Answer:

x = 3.1 ft

Step-by-step explanation:

Use Pythagoras' Theorem to find the base of the triangle. The base of the triangle is half of 'x'. Let's call the base 'y' for now.

To find 'y' we must use this formula,

y^{2} = c^{2} -b^{2}

'c' is the hypotenuse, the longer side, and 'b' is the other short side.

Sub in the numbers for 'c' and 'b',

y^{2} = 2.1^{2} -1.4^{2}

               = 2.45

Square root both sides to get 'y' by itself,

y = 1.5652.....

Remember that 'y' is half of x? Simply multiply 'y' by 2 to get an answer for 'x',

x = 1.5652.... x 2

  = 3.1 ft (1 d.p. nearest tenth)

Hope this helped!!

4 0
4 years ago
What's half an hour mean?
Inessa05 [86]

Answer:

30 minutes

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
In preparation for the Senior Prom, 8 seniors got together and decided to travel in style and rent a limousine. They investigate
tankabanditka [31]
First we need to calculate the total cost.

The seniors will rent limousine from 8:00 pm till 1:00 am. So total time of rent = 5 hours

Total charges = Charges of first 3 hours + Charges of next 2 hours + Tip
So,
Total charges = $180 + 2($30) +$20 = $260

Thus the total amount the 8 seniors will have to pay is $260. The amount each senior will have to pay is $260/8 = $32.5

Therefore, each student will have to pay $32.5
6 0
3 years ago
TIMED TEST PLEASE HELP ME!!!!
s2008m [1.1K]

Answer:

16 cm^2

Step-by-step explanation:

Hope this helps

6 0
3 years ago
Which of the following is the best buy?
-BARSIC- [3]

The $1.25 one for 9 Oz box of rice would be the best buy.

<h3>How to find the Unit Price?</h3>

To get the best buy among the given items and prices, we need to find the unit price. Thus, the formula is;

Unit price = Price/Quantity

A) Unit Price = 0.90/6 = 0.15

B) Unit Price = 1.93/12 = 0.15083

C) Unit price = 2.42/16

Unit Price = 0.15125

D) Unit Price = 1.25/9 = 0.138

The $1.25 one for 9 Oz box of rice would be the best buy.

Read more about Unit price at; brainly.com/question/2804909

#SPJ1

3 0
2 years ago
Other questions:
  • who spends 2/3 of his money on a video game before spending half of his remaining money on lunch if his lunch cost $10 how much
    9·2 answers
  • Calculate the area of the circle 10 in round your answer to the nearest hundredth
    7·2 answers
  • Evaluate.<br><br> 42 - 6 ÷ 2 + 3
    5·1 answer
  • Any tips on negative numbers? Thanks!!
    15·1 answer
  • WILL MARK BRAINLIEST!! 50 POINTS!! SHOW ALL WORK!!
    8·1 answer
  • The owner of a car wash combines x gallons of a 2% liquid soap and 98% water mix with y gallons of a 7% liquid soap and 93% wate
    11·1 answer
  • Pleaseeee help
    10·1 answer
  • 20$ - 5$ = 15$ 15$/2.50 = 6 in graph form
    5·1 answer
  • Please help this is the last question and i don’t understand
    12·1 answer
  • At Stacy's Hats, 41 out of the 82 hats at the store are baseball caps. What percentage of hats at the store are baseball caps
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!