Answer: the value of the account after 10 years is $2606
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 = 1800
r = 3.7% = 3.7/100 = 0.037
t = 10 years
Therefore,
A = 1800 x 2.7183^(0.037 x 10)
A = 1800 x 2.7183^(0.37)
A = $2606 to the nearest dollar
The formula is
A=p (1+r/k)^kt
A future value?
P present value 874
R interest rate 0.032
K compounded quarterly 4
T time 7 years
A=874×(1+0.032÷4)^(4×7)=1,092.46
Answer:
10 1/4
Step-by-step explanation:
41/4=10 1/4
Answer:
38:2 (C)
Step-by-step explanation:
A speed of 2 m/h says you that object travels 2 miles per hour. If object travels two miles per hour, then it travels
Actually, the expression is 38:2 (I suppose this is your choice C)
