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Pepsi [2]
3 years ago
8

Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%. How much will she have in the ac

count after 3 years? Round to the nearest dollar.
Mathematics
1 answer:
OleMash [197]3 years ago
6 0

Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%.

How much will she have in the account after 3 years?

1st year 4200 x 1.023 = 4296.60

2nd year 4296.60 x 1.023 = 4395.4218

3rd year 4395.4218  x 1.023 = 4496.5165

Round to the nearest dollar.

$4497

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Nimfa-mama [501]

Answer:

The slope of the line is 5

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

I have created an illustration which is attached below in order to help you understand the situation. As we are told the passenger rode the subway from point (0 , 0) to point (-2, 0). Then he rode the subway from point (-2, 0) to the final destination of point (-2 , -10). In order to find the value of the slope we need to use the slope formula which is

Slope = \frac{y_{2}-y_{1} }{x_{2}- x_{1} }

Now we just plug in the values of the starting point and final destination in order to find the slope of the line.

Slope = \frac{(-10) - (0)}{(-2)-(0)}

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Slope =5

Finally we can see that the slope of the line is 5

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
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