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koban [17]
4 years ago
7

How much would $300 invested at 4% interest compounded continuously be worth after 8 years?

Mathematics
1 answer:
yaroslaw [1]4 years ago
7 0
399.

I took an test, and had the question and this was the answer.
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You will purchase snacks for the painting class. You have a budget of $40. You want to buy fruit and granola bars. Fruit costs $
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You can buy 20 granola bars and 5 pounds of fruit. You can also buy 35 granola bars and 1 pound of fruit. You can also buy 30 granola bars and 2and a half pounds of fruit. You can also buy 24 granola bars and 4 pounds of fruit. There are a lot of combinations.

Step-by-step explanation:

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Vlada [557]

a=\dfrac{2}{3}\\r=\dfrac{1}{2}

The sum exists if |r|

\left|\dfrac{1}{2}\right| therefore the sum exists

\displaystyle\\\sum_{k=0}^{\infty}ar^k=\dfrac{a}{1-r}

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