Answer:
SAS
Step-by-step explanation:
Answer:
16
Step-by-step explanation:
If it is compounded quarterly, that's 4 times a year.
If you do this for 4 years that's 4×4.
That would be 16.
Okay, first you got to simplify the mixed numbers. Example: 2 and 1/2. I got 5/2, how is this? first multiply 2 * 2 then add 1 from the numerator. sorry if this doesn't make since. You got to do this before you do the actual math.
The formula for continuous compound interest is given by:
A=P e^(rt) ........... (shown in figure)
here P =$8000
r=0.19
t=7
Plugging the values in given formula we get :
A=8000(e^(0.19*7)
A=$30248.34710....