Answer:
4.26 × 10-2
Step-by-step explanation:
Answer: 
Step-by-step explanation:
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:
y = -7/2x+3
Step-by-step explanation:
The slope intercept form of a line is
y = mx+b where m is the slope and b is the y intercept
y = -7/2 x+b
Substitute the point into the equation
-4 = -7/2(2) +b
-4 = -7+b
Solving for b
-4+7 = -7+b+7
3 = b
The equation is y = -7/2x+3
