Answer:
$1,161.83
1.51%
Step-by-step explanation:
Continuously compounded interest is:
A = Pe^(rt)
where A is the final amount,
P is the initial amount,
r is the rate per time,
and t is time.
Given P = 1000, r = 0.015, and t = 10:
A = 1000e^(0.015 × 10)
A = 1000e^(0.15)
A = 1161.83
The effective annual yield is the annually compounded rate needed to have the same yield after the same time. For continuously compounded interest, he equation for effective annual yield is:
R = -1 + e^r
R = -1 + e^0.015
R = 0.0151
The effective annual yield is 1.51%.
3 * 7 = 21, so
Then
and you can rationalize the denominator to write this as
Im not sure this question is complete but the answer should be <u><em>152.4</em></u>
Answer:
I think that would be 3x+6y=21 sorry if I am wrong
Step-by-step explanation:
Option 4 is the correct answer for number 2
