We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
Option c. Reflection across the x-axis and vertical stretch by a factor of 7
Step-by-step explanation:
If the graph of the function 
represents the transformations made to the graph of 
then, by definition:
If 
then the graph is compressed vertically by a factor a.
If 
then the graph is stretched vertically by a factor a.
If 
then the graph is reflected on the x axis.
In this problem we have the function 
and our paretn function is 
therefore it is true that
.
Therefore the graph of is stretched vertically by a factor of 7 and is reflected on the x-axis
Finally the answer is Option c
Answer:
3rd degree
Step-by-step explanation:
The highest exponent is a 3, meaning this is a 3rd degree polynomial.
