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
natka813 [3]
3 years ago
9

If $1,000 is invested at 16% interest, compounded continuously, for five years,

Mathematics
2 answers:
Anit [1.1K]3 years ago
8 0

Answer:

$2,225.54

Step-by-step explanation:

Principal, p = $1000

interest rate r = 16% 0r 0.16

years of deposit, t = 5

Finding ending balance below

Since interest compounded continuously,

Substitute the following values

p = $1000, e = exponent, r = 0.16 and t = 5

B = 1000e^((0.16)(5))

=1000e^(0.8)

=1000 X 2.2255409284924676

=2,225.5409284924676

Which B is approximately $2,225.54

Ending balance =$2,225.54

arlik [135]3 years ago
6 0

Answer:

2,225.54

Step-by-step explanation:

I am not sure if I am correct or not but it is either the first or second one.

You might be interested in
Safiya deposited money into a bank account that earned 6.5% simple interest each year. After 312 years, she had earned $36.40 in
Svetllana [295]

Answer: If the time is 3 1/2 years (most reasonable assumption)

Her initial deposit was $160

Step-by-step explanation:  The basic formula for simple interest is

<em>i = prt  i </em>is interest, P is principal (deposit) r is the percentage (converted to a decimal) and t is time, the number of years.

For this question, you have to rearrange the equation to solve for p.

So divide both sides by rt and you have

p =  i/rt

Substitute the values given

p = 36.40/(0.065)(3.5)

8 0
3 years ago
You are cycling around Europe with friends.
Dmitrij [34]

Options are:

Impossible

Certain

Likely

Unlikely

Answer:

Unlikely

Step-by-step explanation:

A ferry is a large ship that carries passengers and loads on water.

A ferry rarely sinks. Infact, the United States experience very low cases of shipwreck yearly. According to wikipedia in 2018, not more than 200 shipwrecks happened all over the world compared to a great number of operations that year.

Therefore, based on statistics, the ferry is unlikely to sink.

6 0
3 years ago
Using Substitution solve: y=x+5<br> 4x+y=20
Vladimir [108]

Answer:

3

Step-by-step explanation:

So first, plugin y to your equation, it should look like this: 4x+x+5+20. Now, we can solve this. Next, we have two x's so we can combine them. The equation will now look like this: 5x+5=20. Now, we have an extra 5 laying around that we need to get rid of, so we can subtract that 5 to both sides of the equation and we get this: 5x-5=20-5 which ends up being 5x=15. Now, we just divide both ides by 5 and since 15 divided by 5 is 3, we get: x=3

4 0
3 years ago
Find the discriminant and the number of real roots for this equation.
Iteru [2.4K]

Answer:

C. -24 no real roots

Step-by-step explanation

3 0
3 years ago
PLEEEEEAAAASEEE HELPPPPPP<br><br> simplify the polynomial <br> 3a(6a^2-4ab^2)+8a^2b^2-2b^3
ZanzabumX [31]

Answer:

Simplified: -4a²b²+18a³-2b³

3a(6a²-4ab²)+8a²b²-2b³

Multiply 3a by 6a² and-4ab²

18a³-12a²b²+8a²b²-2b³

combine like terms (-12a²b² and 8a²b²)

-4a²b²+18a³-2b³

Hope this helps

7 0
2 years ago
Other questions:
  • How do I solve for x?
    8·1 answer
  • Please answer it I really apretiate it
    11·1 answer
  • 3x(x+30°) i really need help asap
    5·2 answers
  • Brook says there are 49 days until july 4 there are 7 days in a week in how many weeks will it be until july 4
    15·2 answers
  • Due to inflation, a fixed quantity of money can buy 3% less every year. If Pam has enough in her wallet to buy 47 movie tickets
    13·1 answer
  • How do you figure out ratios? the problem is 12 quarters to 34 dollars. thanks
    6·1 answer
  • Included side between
    7·1 answer
  • Two figures are similar with a scale factor of 5/2.
    15·1 answer
  • Chris ran 25 miles, while Bill ran 5 miles. How many times farther did Chris run than Bill?
    7·2 answers
  • At the average rate of 3.054 in/hr how much snow fell in 15 hours
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!