Formula for compounding continuously is:
A = Pe^(RT)
A = Amount, P = Principal, e = constant ≈ 2.71828..., R = Rate per year,
T = Time.
A = ?, P = $1400, R = 5.5% = 5.5/100 = 0.055, T = 6 years.
A = Pe^(RT)
A = 1400*(2.71828)^(0.055*6) use a calculator.
A ≈ 1947.35
Amount or balance is ≈ $1947.35
I hope this helps.
Answer:
i need this for a challenge
Step-by-step explanation:
*see attachment for the diagram of the triangular prism box
Answer:
528.8 in.²
Step-by-step explanation:
Surface area of triangular prism = 2(BA) + P*H
Area of triangular base (BA) = ½*b*h
b = 24.5 in.
h = 12 in.
BA = ½*24.5*12 = 147 in.²
Perimeter of triangular base = 24.5 + 17.1 + 17.1 = 58.7 in.
Height of prism = 4 in.
Plug in the values into the surface area formula:
Surface area of prism = 2(147) + 58.7*4
= 294 + 234.8
= 528.8 in.²