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UNO [17]
3 years ago
8

Franco invests 4500 in a account that earns a 3.8% nominal yearly interest rate compounded continuously.If he withdraws the prof

it from the investment after 5 years, how much has he earned on his investment
Mathematics
1 answer:
Nimfa-mama [501]3 years ago
5 0

Answer: Profit = $941.6

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 = $4500

r = 3.8% = 3.8/100 = 0.038

t = 5 years

Therefore,

A = 4500 x 2.7183^(0.038 x 5)

A = 4500 x 2.7183^(0.19)

A = $5441.6

the profit from the investment after 5 years is

5441.6 - 4500 = $941.6

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4 0
3 years ago
What is the simplified base for the function f(x) = 2rootindex 3 startroot 27 endroot superscript 2 x?
VMariaS [17]

Applying exponential properties, the simplified base for the function is given as follows:

f(x) = 2(3)^{2x}

<h3>What is the function?</h3>

The function is represented by the following definition:

f(x) = 2\sqrt[3]{27^{2x}}

As an exponent, the function is given by:

f(x) = 2(27)^{\frac{2x}{3}}

27 can be simplified as follows:

27 = 3 x 3 x 3 = 3³

Hence:

f(x) = 2(3^3)^{\frac{2x}{3}}

Then, the 3 at the exponent multiplies 2x and can be simplified with the 3 of the root, hence:

f(x) = 2(3)^{\frac{3 \times 2x}{3}} = 2(3)^{2x}

Hence the simplified base for the function is given as follows:

f(x) = 2(3)^{2x}

More can be learned about exponential properties at brainly.com/question/25263760

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6 0
2 years ago
Need help on 41-44 please
Anika [276]
44-41=3 hope it help think so
4 0
3 years ago
Please please help me!!!
Hoochie [10]
4+6+2+2+3+4+6+3=30
14/30 = male
16/30=female
6/30= female junior
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Answer: 20%
4 0
3 years ago
HURRY!! 22.7-3w=3.5. Solve for w​
enot [183]

Answer:

Step-by-step explanation:

-3*w=3.5-22.7

w= -19.2/-3

w= 6.4

4 0
2 years ago
Read 2 more answers
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