How much would $500 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cen
1 answer:
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Use the equation
For A. The problem would be set up like so
5 _ -1
--------
4 _ -2
Start by subtracting 5 minus -1 which is 6 because minus a negative becomes a positive then subtract 4 minus -2 which is 6, remember minus a negative becomes a positive, then divide 6/6 to get 1
For B.
-5 _ -0
----------
3 _ -1
Again subtract -5 by -0 which no matter what will be -5. Then make -1 positive because it's a subtracted negative so it becomes 3+1 which gives you 4. Your answer is -5/4
If you need help with the rest message me good luck
For A. The problem would be set up like so
5 _ -1
--------
4 _ -2
Start by subtracting 5 minus -1 which is 6 because minus a negative becomes a positive then subtract 4 minus -2 which is 6, remember minus a negative becomes a positive, then divide 6/6 to get 1
For B.
-5 _ -0
----------
3 _ -1
Again subtract -5 by -0 which no matter what will be -5. Then make -1 positive because it's a subtracted negative so it becomes 3+1 which gives you 4. Your answer is -5/4
If you need help with the rest message me good luck