Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Answer:
$1.25.
Step-by-step explanation:
We have been given that at a football game Jasmine bought a soft pretzel for $2.25 in a bottle of water for $1.50 she paid with a $5 bill.
First of all let us find how much Jasmine spent on soft pretzel and water bottle by adding the cost of both items.
To find the amount that Jasmine will get as a change we will subtract the amount spent on both items from 5.
Therefore, Jasmine will get $1.25 back as change.