NEED HELP!!!!! 5!4! = [?]
2 answers:
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Just follow this operation.
Find the two perfectly squared factors the multiple to your number.
Take the square root of those perfect factors then multiple them.
Find the two perfectly squared factors the multiple to your number.
Take the square root of those perfect factors then multiple them.
Answer:
$19,747.96
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below:
<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
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First, lets change 5.5% into a decimal:
5.5% -> -> 0.055
Next, plug in the values into the equation:
After 5 years, you will have $19,747.96