The value of this equation is: 4
Answer: 4
Answer:
I THINK A
Step-by-step explanation:
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
<span>4/5 + 8/10 =1.6
i hope this help</span>
