Answer:
$13,695.98
Step-by-step explanation:
We can use the continuous compound interest formula to solve:
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 8% into a decimal:
8% -> -> 0.08
Now, lets plug in the values:
The account balance after 10 years will be $13,695.98
Answer;
p= (1 + sqrt. 181) / 6, (1- sqrt. 181) / 6
Hope this helps!
0.6 would be the same as $0.60 AKA 60 cents and 0.06 would be the same as 6 cents