I think that the answer is quadratic
If he puts in $25 every month and there are 12 months in one year, just multiply 25 by 12 to find that Maurice will save $300 a year.
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
Answer:
4 x 10^12
Step-by-step explanation:
Just subtracte the power since it is division
8- (-4)=12
If ken makes $14,500 in 5 months that means he make 2,900 in a month. 24 times $2,900 is $69,600 so the answer is $69,600. He can expect $69,600 is two years.
