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Alexxx [7]
3 years ago
13

Jace invested $8,300 in an account paying an interest rate of 6.6% compounded continuously. Assuming no deposits or withdrawals

are made, how much money, to the nearest dollar, would be in the account after 14 years?​
Mathematics
1 answer:
kondor19780726 [428]3 years ago
3 0

Answer:

  • $20911

Step-by-step explanation:

<u>Given</u>

  • Investment   P₀ = $8300
  • Interest rate   r = 6.6%
  • Compound = continuous
  • Time   t=14 years
  • P = ?

<u>Formula for continuous compound interest:</u>

  • P = P₀e ^rt, where e = 2.71828, constant used for continuous interest
  • P = 8300*(2.71828)^(14*0.066)
  • P = $20910.57 = $20911 rounded to the nearest dollar

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Answer:

Option (2).

Step-by-step explanation:

In the figure attached,

Given : TV ≅ WV and UV ≅ XV

To prove: ΔTUV ≅ ΔWXV

                Statements                  Reasons

1). TV ≅ WV                              1). Given

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3). ∠XVW ≅ ∠TVU                  3). Reflexive property

4). ΔTUV ≅ ΔWXV                  4). SAS (Side - angle - side) property of                                                             congruence

Therefore, Option (2) will be the answer.

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