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3 years ago

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1" title=" \frac{3}{5} - \frac{3}{8} " alt=" \frac{3}{5} - \frac{3}{8} " align="absmiddle" class="latex-formula">

1 answer:

raketka [301]3 years ago

4 0

$\frac{3}{5}$ - $\frac{3}{8}$ = $\frac{3 * 8}{5 * 8}$ - $\frac{3 * 5}{8 * 5}$ = $\frac{24}{40}$ - $\frac{15}{40}$ = $\frac{9}{40}$

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Suppose you invest 1600 at annual interest rate of 7.9% compounded cont how much will u have after 10yrs

frez [133]

Answer:

B. $3525.43

Step-by-step explanation:

We will use continuously compound interest formula to solve our problem.

$A=P*e^{rT}$

A= Amount after T years.

P= Principal amount.

r= Interest rate (in decimal form).

e= The mathematical constant e.

T= Time in years.

First of all we will convert our interest rate in decimal form.

$7.9\text{ Percent}=\frac{7.9}{100}=0.079$

Now let us substitute our given values in above formula.

$A=1600*e^{0.079*10}$

$A=1600*e^{0.79}$

$A=1600*2.2033964262559365$

$A=3525.4342820094984\approx 3525.43$

Therefore, we will get an amount of $3525.43 after 10 years and option B is the correct choice.

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2 years ago

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