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Alex
3 years ago
5

you deposit $5000 in an account earning 4% interest compounded continuously. How much will you have in the account in 10 years?

Mathematics
1 answer:
Lyrx [107]3 years ago
5 0
The formula is
A=p e^rt
A future value?
P present value 5000
E constant
R interest rate 0.04
T time 10 years
A=5,000×e^(0.04×10)
A=7,459.12

Hope it helps!
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Thus, a equation is framed as follows:

Old conveyor: 20 + 7(number of minutes)

Old conveyor: 20 + 7x ------- eqn 1

<em><u>A worker just switched on a newer line that can fill 9 barrels per minute</u></em>

Thus, a equation is framed as follows:

New conveyor: 9(number of minutes)

New conveyor: 9x -------- eqn 2

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<em><u>Thus, eqn 1 must be equal to eqn 2</u></em>

20 + 7x =9x\\\\9x - 7x = 20\\\\2x = 20\\\\x = 10

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Substitute x = 10 in any one of equations

Substitute in eqn 2

9x = 9(10) = 90

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