Plz show your work

1 answer:

8 0

Answer:

$\$20,864.52$

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

$A=P(e)^{rt}$

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

$t=11\ years\\ P=\$15,000\\ r=3\%=3/100=0.03$

substitute in the formula above

$A=15,000(e)^{0.03*11}$

$A=15,000(e)^{0.33}$

$A=\$20,864.52$

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Lyrx [107]

Answer:

Step-by-step explanation:

Let x be the total points

66/x = 0.88 (88%)

x = 75

3 0

3 years ago

oksano4ka [1.4K]

The running total is $95.27.

There are two types of records, Active and Inactive. There are also two major classifications, Vital and Important.

<h3>Why is record keeping important?</h3>

In order to create reliable financial statements, you need good records. These consist of balance sheets and income (profit and loss) statements. These statements might assist you in managing your business and dealing with your bank or creditors.

He opened the account with $299.88. He subsequently wrote many cheques, from which you deduct the sum of 299,88.

He deposited a check, thus 299.88-90.48= 209.40, 209.40 - 65.00= 144.40, and then he added $381.33 to 144.40 to get 525.73.

then you need to deduct more since he wrote more checks.

Consequently, 525.73-54.47=471.26, and 471.26-375.99=95.27, giving him a balance of $95.27.