-

Mathematics

1 answer:

Fofino [41]2 years ago

7 0

Answer:

Harper will have approximately 4870 dollars in 6 years.

Step-by-step explanation:

Since this investment is compounded continuosly it's growth is given by the following equation:

M = C*e^(r*t)

Where M is the final value, C is the amount invested, r is the interest rate and t is the time elapsed. Applying the data from the question we have:

M = 3200*e^(0.07*6)

M = 3200*e^(0.42)

M = 4870.28

Harper will have approximately 4870 dollars in 6 years.

You might be interested in

A pony keg (quarter barrel) of beer contains 62 pints. If the local drinking establishment sells draft beer in 400mL pilsner gl

OLga [1]

1 pint = 473.176 milliliters

62 x 473.176 = 215336.912 milliliters in a pony keg

215336.912/400 = 538.34 glasses

round off answer to 538 glasses

8 0

2 years ago

Jared bought a Suzuki 1000 for $12,698. If it depreciates at a rate of 11% per year, how much will it be worth in 3 years

Serga [27]

Original price = P = $12,698
Depreciation rate = r = 11% = 0.11
Time in years = t = 3
New price = A

The formula used will be:

$A=P(1-r)^{t}$

Using the values, we get:

$A=12698(1-0.11)^{3}=8951.70$

Thus, the worth of Suzuki after 3 years will be $8951.70

7 0

2 years ago

What is the converse of the statement below? “If today is Friday, then tomorrow is Saturday."

Ugo [173]

Answer:

C (Sorry if its incorrect)

Step-by-step explanation:

6 0

2 years ago

Read 2 more answers

3V3 х 60° Find the values of x and y. Write your answers in simplest form. X= y=

Alex787 [66]