Answer:
<u>The balance in the account after 10 years is US$ 2,442.81</u>
Step-by-step explanation:
1. Let's review the data given to us for answering the question:
Investment amount = US$ 2,000
Duration of the investment = 10 years
Annual interest rate = 2% compounded continuously
2. Let's find the future value of this investment after 10 years, using the following formula:
FV = PV * eˣ ⁿ
PV = Investment = US$ 2,000
number of periods (n) = 10 (10 years compounded continuously)
rate (x) = 2% = 0.02
e = 2.71828 (Euler's number)
Replacing with the real values, we have:
FV = 2,000 * (2.71828)^0.02*10
FV = 2,000 * 2.71828^0.2
FV = 2,000 * 1.2214027
<u>FV = US$ 2,442.81</u>
Answer:
hopefully helps
Step-by-step explanation:
you have to subtract the little number from the big number
Answer:
English please?
Step-by-step explanation:
...........
Answer:
(Sorry, I only remember how to do 1 through 7)
1. -8.86
2. 17.5
3. -6.12
4. 1.66
5. 11/24
6. 4/5
7. 14
Step-by-step explanation:
1. -5.51-3.35=-8.86
2. -59.5/-3.4=17.5
3.0.85*-7.2=-6.12
4. -0.59+2.25=1.66 (The double negatives become positive)
5. 3/8+ 1/12=11/24
6. (-24/25)/(-6/5)=4/5
7. 28/2=14
