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hram777 [196]
3 years ago
8

How much will $100 grow to if invested at a continuously compounded interest rate of 10% for 8 years?

Mathematics
1 answer:
aleksley [76]3 years ago
4 0

Answer:

It will grow to $222.55.

Step-by-step explanation:

The formula for continuosly compounded money quantities is:

F = Pe^{rt}

In which F is the final amount, that is, to how much the money grows, P is the initial deposit, r is the interest rate, as a decimal, and t is the time, in years.

In this problem, we have that:

P = 100, r = 0.1, t = 8

So

F = Pe^{rt}

F = 100e^{0.1*8}

F = 222.55

It will grow to $222.55.

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Answer:(15, 100)

Step-by-step explanation:

first find the coordinates of the point above (3, 20)

you just look at the x axis and where the point is in this case x would be 6 and then you find y which would be 40

so the coordinate would be (6, 40)

now subtract (6, 40) by (3, 20)

6-3= 3

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you get the first coordnites which is what you add (12,80) to

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you get the coordinates (15, 100)

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Soloha48 [4]

Answer:

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Answer:

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_____

<em>Comment on the problem</em>

A "line of best fit" is one that minimizes some measure of deviation from the line. Usually, what is minimized is the square of the deviations. Choosing two points to draw the line through may be convenient, but does not necessarily result in a line of best fit.

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