1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olga55 [171]
3 years ago
11

Steve invests 1,800 in an account that earns 3.7% annual interest, compounded continuously. What is the value of the account aft

er 10 years? Round your answer to the nearest dollar.
Mathematics
1 answer:
Vlada [557]3 years ago
8 0

Answer: the value of the account after 10 years is $2606

Step-by-step explanation:

The formula for continuously compounded interest is

A = P x e (r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

r represents the interest rate

t represents the time in years for which the investment was made.

e is the mathematical constant approximated as 2.7183.

From the information given,

P = 1800

r = 3.7% = 3.7/100 = 0.037

t = 10 years

Therefore,

A = 1800 x 2.7183^(0.037 x 10)

A = 1800 x 2.7183^(0.37)

A = $2606 to the nearest dollar

You might be interested in
The first term of a geometric sequence is 4 and the multiplier, or ratio, is –2. What is the sum of the first 5 terms of the seq
Ann [662]
C !.!.!.!.!!.!.!.!.!!.!!.!.!.!.!!!.!!!.!.!.
3 0
3 years ago
A professor has eight different tasks to assign, one to each of her eight teaching assistants. In how
insens350 [35]

Answer:

40320

Step-by-step explanation:

There are 8 different people we could assign to the first task.  Now there are 7 tasks and 7 people left.  There are 7 different people we could assign to the next task.    And so on

8 *7*6*5*4*3*2*1

8!

40320

8 0
3 years ago
In a class of 32 the ratio of number of boys to the number of girls in 5/3 Determine how many boys are there in the class.​
qaws [65]

Answer: 20

Step-by-step explanation: there are 20 boys

4 0
3 years ago
Read 2 more answers
Please answer correctly !!!!! Will mark Brianliest !!!!!!!!!!!!!!
SVETLANKA909090 [29]

Answer:

A) 35/12

Step-by-step explanation:

The tangent of an angle is the opposite side of that angle over the adjacent side of the angle

7 0
3 years ago
PLEASE HELP WHO EVER GET THIS RIGHT WILL MAKE U BRAINIEST
MrMuchimi

Answer: 150

Step-by-step explanation:

You got it right, just divide 300 by 2 :)

6 0
3 years ago
Read 2 more answers
Other questions:
  • The relative growth rate for a certain type of mutual fund is 5.1% per year. An account is opened with a balance of $35,000. How
    15·2 answers
  • Write a number with the digit 8 in the tens place
    13·2 answers
  • I don't even know where to start.
    9·1 answer
  • Which statement below is always TRUE?
    10·1 answer
  • Simplify: (18)2(3)2(4)3 (6)2(2)3
    5·1 answer
  • Question 1
    8·2 answers
  • CAN SOMEONE PLEASE HELP ME
    8·1 answer
  • What is the slope on this graph
    7·1 answer
  • Mrs. Williams charges $30 per hour for tutoring services plus a one-time fee of $60 for supplies. How many tutoring sessions can
    5·1 answer
  • Every computer that a business owner purchases will lose most of its value after 5 years of use. the owner plans to purchase a c
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!