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elena-14-01-66 [18.8K]
4 years ago
7

Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for

calculating interest that is compounded continuously is A = Pe". If Ms. Cubbatz made the investment on January 1, 1995, and the account was worth $12,000 on January 1, 1999, what was the original amount in the account?
Mathematics
1 answer:
Elza [17]4 years ago
3 0

Answer:

original amount in the account: 8820.36   (≈ 8820)

Step-by-step explanation:

12000 = P (1 + 0.08)⁴

P = 12000 / (1 + 0.08)⁴ = 12000 / 1.36 = 8820.36   (≈ 8820)

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Is -1/4 bigger or smaller than -1.4
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3 years ago
the area of a triangular flower bed in the park has an area of 120 square feet. The base is 4 feet longer than twice the height.
pickupchik [31]

Answer: height = 10 feet

Base = 24 feet

Step-by-step explanation:

Let h represent the height of the triangular flower bed.

Let b represent the base of the triangular flower bed

The formula for determining the area of a triangle is expressed as

Area = 1/2 × base × height

The area of a triangular flower bed in the park has an area of 120 square feet. This means that

1/2 × bh = 120

bh = 120 × 2

bh = 240- - - - - - - - - - - - - - - 1

The base is 4 feet longer than twice the height. This means that

b = 2h + 4

Substituting b = 2h + 4 into equation 1, it becomes

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y = 24

8 0
4 years ago
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