Ask question

Ask question

All categories

3 years ago

13

you invest 2,600 in an account that pays an interest rate of 8.5% compounded continuously. Calculate the balance of your account

after 5 years

1 answer:

soldier1979 [14.2K]3 years ago

6 0

The formula is
A=p e^rt
A future value?
P present value 2600
R interest rate 0.085
T time 5years
E constant
A=2,600×e^(0.085×5)
A=3,976.94

You might be interested in

What is the fully factored form of 32a3 + 12a2? 4a2(8a + 3) 4a(8a2 + 3a) 12a2(3a + 1) 12a(3a2 + a)

ad-work [718]

Answer:

4a^2 (8a+3)

Step-by-step explanation: it’s right

5 0

2 years ago

Read 2 more answers

What would be the correlation coefficient (r) of the following scatter plot?

luda_lava [24]

Answer:

-0.89 (i think)

Step-by-step explanation:

Since the graph seems to be going downwards from the right, it has a negative correlation. And since the data seems to be pretty close together, the correlation must be strong. That narrows the answer down to -0.89

If its wrong then i'm not a smart person, and it's -0.15

8 0

1 year ago

Line Equation from Two Points

Verdich [7]

Hi!

We can use <u>point-slope form </u>to solve this.

$y-y_{1} =m(x -x_{1})$

$y_{1}$ <em> and </em> $x_{1}$ <em> will be from one of the points.</em>

<u>First, we have to find </u> $m$ <u>, the slope. We can use the slope equation to get this.</u>

$\frac{y_{1} -y_{2} }{x_{1} -x_{2} }$

<em>Plug in your points:</em>

$\frac{4-0}{8-(-8)} =\frac{4-0}{8+8} =\frac{4}{16} =\frac{1}{4}$

Your slope is $\frac{1}{4}$

<u><em>Now plug points and slope into point-slope equation. We will use (8, 4).</em></u>

$y-4=\frac{1}{4} (x-8)$

Now, if you want to get it into y = mx + b form, you have to solve for y:

$y-4=\frac{1}{4} (x-8)$

$y-4=\frac{1}{4} x-2$

$y=\frac{1}{4} +2$

Your equation is $y=\frac{1}{4} +2$

<u><em>For more information on how to get the equation of a line when given two points, see here:</em></u>

brainly.com/question/986503

7 0

1 year ago

How many solutions does the equation y=3x have?

Butoxors [25]

Answer:

1 solution

Step-by-step explanation:

If you were to graph this line it would be a straight line so there is 1 solution.

y=3x

x=y/3

7 0

1 year ago

13. One kilogram is equal to 1,000 grams.

Ilya [14]

Answer:

I'm pretty sure it's 0.257!

Step-by-step explanation:

Sorry if I got it wrong I'm trying my best hope you have a great day!!

6 0

2 years ago

Read 2 more answers