Suppose $200 is invested at the annual interest rate 6% compounded continuously what is the amount in the account after years ?
1 answer:
You might be interested in
Answer:
r = 3.
Step-by-step explanation:
Equation of a line:
The equation of a line has the following format:
In which m is the slope.
Finding the slope of a line, given two points:
When we are given two points of a line, the slope of the line is given by the change in y divided by the change in x.
Points (4,r), (r,3)
Change in y: 3 - r
Change in x: r - 4
Slope is 0, so:
The value is r = 3.