Answer:
$5751.37
Step-by-step explanation:
The key phrase here is "compounded continuously". This phrase tells you that you must use the following equation:
Where A is the final amount, P is the principal amount, e is the exponential constant, r is the rate in decimals and t is time. By plugging in our known values given we obtain:
In mathematics multiplying decimals is just like multiplying a whole number and ignoring the decimals., then just put the decimals in the answer – it is how many decimals does the two numbers combined.
First step:
Line the numbers on the right and do not a line the decimal points
26.2
× 16.43
Second Step:
Multiply the numbers starting on the right, just like multiplying a whole number and ignore the decimals.
26.2
<span> × 16.43</span>
786
1048
1572
<span>+ 262 </span>
430466
Third step: add the products
26.2
<span> × 16.43</span>
786
1048
1572
<span>+ 262 </span>
430.466 is the mathematician’s answer.
