Answer:
$1,826
Step-by-step explanation:
Given that
The amount invested is $1,200
The annual rate of interest is 6%
And, the time period is 7
We need to find the value of the account after 7 years in the case of compounded continuously
We know that for compounded continuously, the following formula should be used
= Amount invested ×e^(rate, time)
= $1,200 × e^(0.06 ×7)
= $1,200 × e^0.42
= $1,826
A.) 75 x 60 = 4500 in an hour
4500 x 24 = 108000 in a day
108000 x 365 = 39420000 in a year
39420000 x 45 = <span>1,773,900,000 in 45 years
</span>B.)2200800 / 75 = 29344 mins
29344 / 60 = <span>489.066666667 hours
</span>489.066666667 / 24 = 20.37777778
you get it
the answer to your second question is
A.) 0.3125
B.) 0.9090909090909091
C.) 0.0019