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grandymaker [24]
3 years ago
12

Rochelle deposits $6,000 in an IRA. What will be the value (in dollars) of her investment in 15 years if the investment is earni

ng 6% per year and is compounded continuously? (Simplify your answer completely. Round your answer to the nearest cent.)
Mathematics
1 answer:
Andrew [12]3 years ago
5 0

Answer:

Step-by-step explanation:

The formula for continuously compounded interest is

A = P x e (r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

r represents the interest rate

t represents the time in years for which the investment was made.

From the information given,

P = $6000

r = 6% = 6/100 = 0.06

t = 15 years

Therefore,

A = 6000 x e(0.06 x 15)

A = 6000 x e(0.9)

A = $14757.6 to the nearest cent

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What is a negative minus a negative
Rainbow [258]

Answer:

It would be a negative or positive depending on the situation.

Step-by-step explanation:

A negative minus a negative would result in either a positive or negative. For example, -8 - (-9) would be 1 while -8 - (-7) would be -1. If the negative number your subtracting is greater than the number you're subtracting from then it will be positive, vice versa.

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2 years ago
Reggie and jay go for a walk morning.reggie walks 2 1/4 miles. Jay walks 1 3/8 miles less than Reggie. What is the total distanc
jek_recluse [69]
Jay walks 2 1/4 miles which if you double it so the denominators are e same for both 2 1/4 and 1 1/8 then your answer will be 18/8 (Jay) and 9/8 (Reggie). Meaning that Reggie walks have the distance Jay walks.
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4 years ago
Choose the linear inequality that describes the graph. The gray area represents the shaded region.
jek_recluse [69]

Answer:

2x + 3y ≥ 5

Step-by-step explanation:

See the graph attached.

The bold straight line passes through the points (1,1) and (4,-1).

Therefore, the equation of the straight line will be  

\frac{y + 1}{- 1 - 1} = \frac{x - 4}{4 - 1}

⇒ 3(y + 1) = - 2(x - 4)

⇒ 3y + 3 = - 2x + 8

⇒ 2x + 3y = 5 ............. (1)

Now, the shaded region i.e. the solution to the inequality does not include the origin(0,0).

So, putting x = 0 and y = 0 in the equation (1) we get, 0 < 5

Therefore, the inequality equation is 2x + 3y ≥ 5 (Answer)

6 0
3 years ago
Which shows 0.23 repeated as a fraction.<br> A. 2/33 <br> B. 7/33 <br> C. 23/99 <br> D. 7/30
sergij07 [2.7K]

Answer: c

Step-by-step explanation: 23/99 as a fraction

8 0
3 years ago
Pay ITS TIVE
max2010maxim [7]

Answer:

km per min

Step-by-step explanation:

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100 mins means 1 hour 40 min

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2 years ago
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