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AURORKA [14]
3 years ago
12

Jasmine invests $2,658 in a retirement account with a fixed annual interest rate of 9% compounded continuously. What will the ac

count be after 15 years
Mathematics
1 answer:
Feliz [49]3 years ago
4 0

Answer:

$10,253.04

Step-by-step explanation:

You are going to want to use the continuous compound interest formula, which is shown below.

A = Pe^{rt}

<em>P = principal amount</em>

<em>r = interest rate (decimal)</em>

<em>t = time (years)</em>

<em />

First, change 9% into a decimal:

9% -> \frac{9}{100} -> 0.09

Next, plug the values into the equation:

A=2,658e^{0.09(15)}

A=10,253.04

The account will have $10,253.04

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Answer:

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Step-by-step explanation:

In short, the sum of the opposite areas are equal.

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If we say the triangles at the bottom have area a, the triangles on the left have area b, the triangles on top have area c, and the triangles on the right have area d, then we can write 4 equations:

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Adding the second and fourth equations:

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Therefore:

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