3 years ago

$15600 at 15.6% for 8 years

Mathematics

1 answer:

Maru [420]3 years ago

4 0

What are u asking, sorry.

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Suppose you invest 1600 at annual interest rate of 7.9% compounded cont how much will u have after 10yrs

frez [133]

Answer:

B. $3525.43

Step-by-step explanation:

We will use continuously compound interest formula to solve our problem.

$A=P*e^{rT}$

A= Amount after T years.

P= Principal amount.

r= Interest rate (in decimal form).

e= The mathematical constant e.

T= Time in years.

First of all we will convert our interest rate in decimal form.

$7.9\text{ Percent}=\frac{7.9}{100}=0.079$

Now let us substitute our given values in above formula.

$A=1600*e^{0.079*10}$

$A=1600*e^{0.79}$

$A=1600*2.2033964262559365$

$A=3525.4342820094984\approx 3525.43$

Therefore, we will get an amount of $3525.43 after 10 years and option B is the correct choice.

8 0

3 years ago

Can someone help me out my grades are bad

disa [49]

Answer:

= 2700

Step-by-step explanation:

1300+700+700

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3 years ago

What is nth for 4, 8, 16, 32?

daser333 [38]

Answer: nth=4x

Step-by-step explanation: 4,8,16,32

So when x=1 nth=4

Then 4x should be the answer we need to find any term

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3 years ago

You put 5000 and a bank account that will give you 2% interest on the money in the account every year how much money will be in

ANEK [815]

Answer:

$7,429 I think (it has to be 20 characters ignore this part)

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3 years ago

Please help with this problem!!

hodyreva [135]

The answer is A because the two lines are equal

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3 years ago