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padilas [110]
3 years ago
9

How much is 400.00 invested at 9% interest compounded continuously be worth after 3 years

Mathematics
1 answer:
blagie [28]3 years ago
5 0
COMPOUNDED
not simple interest,
compound interest is neat since you earn interest on the interest you earned

ok so what you use is F=Pe^(rt)
F=future or ending amount
P=present amount
e=base of the natural  log (some digits are 2.71828182845)
r=rate in decimal
t=time in years

presen amount is 400
rate is 9% or 0.09
time is 3 years

F=400e^(0.09*3)
F=400e^(0.27)
F=523.986
round
F=523.99

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<h3>Determining the perimeter and area of the triangle giving line equation</h3>

In order to determine the area and perimeter of the lines, we will plot the giving lines, determine the point of intersection and then use the Pythagoras theorem to determine the dimension of the right triangle.

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Learn more on area and perimeter of triangles here: brainly.com/question/12010318

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3 0
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