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:
0.45=9/20
27/50=0.54
4/5=80
17/25=0.68
38%=19/50
Step-by-step explanation:
Answer:
Stefanie bought 10 erasers
Step-by-step explanation:
We can establish the following equation:
TP = NP*PP + NE*EP
Where:
TP = Total price; (4.25)
NP = Number of pencil packages; (1)
PP = Pencil Package's Price; (1.75)
NE = Number of erasers; (What we are looking for)
EP = Erasers Price; (0.25);
Then:
4.25 = 1*1.75 + NE*0.25;
4.25 - 1.75 = NE*0.25;
2.5/0.25 = NE;
10 = NE.
Answer:
x=-4
Step-by-step explanation:
Cross multiply to get:
3x=4(x+1)
3x=4(x+1)
3x=4x+4
x=-4
7,150,000
The population of Georgia is 10,500,000.
The population of Virginia is 30% less than that.
So the population of Virginia is 10,500,000 - 30% which equals 7,150,000
