1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Thepotemich [5.8K]
3 years ago
9

A person places $26300 in an investment account earning an annual rate of 3.8%, compounded continuously. Using the formula V=Pe∧

{rt}, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 19 years.
Mathematics
2 answers:
ahrayia [7]3 years ago
6 0

Answer:

54139.76

Step-by-step explanation:

OLEGan [10]3 years ago
5 0

Answer:

V = $ 54135.92

Step-by-step explanation:

The formula for compounding continuously is given as:

V = P(e)^rt

V = Amount of money in the bank after 19 years

P = Principal amount initially invested = $26300

e = base of natural log

r = Interest rate = 3.8% = 0.038

t = time in years = 19

We have to calculate the value of V. Substitute all values into the given formula:

V = P(e)^rt

V = (26300)(e)^(0.038 · 19)

V = (26300)(2.718)^(0.722)

V = (26300)(2.0584)

V = $ 54135.92

You might be interested in
What is the area of the square below?
Sedbober [7]

Answer:

O C. 5.76 in2

Step-by-step explanation:

To find the <u>area</u> of a square, the formula is

length x width = area

length = 2.4

width = 2.4

2.4in x 2.4in = 5.76 in2

in2 is the part of the answer since  in x in = in2

5 0
2 years ago
11-
Otrada [13]

Answer:

B

Step-by-step explanation:

4 0
2 years ago
What is the value of the value below. <br> 4/5+3/5+3.5*5
inn [45]

Answer:

18.9

Step-by-step explanation:

7 0
3 years ago
A right angle has a league of 13 cm in the hypotenuse of 21 cm what is the length of the other leg
natta225 [31]
You can use c^2 = a^2 + b^2 to solve for the length of the other leg. Just substitute the values to the variable then transpose to get the value of the missing variable.

Given: a = 13; c = 21
Required: b - other leg
Solution:
   c^2 = a^2 + b^2
 21^2 = 13^2 + b^2
   441 = 169 + b^2
  b^2 = 272
  <span>√b = 16.49
    b = 16.49 cm</span>
8 0
3 years ago
Read 2 more answers
HELP PLS!! Which of the following numbers is part of the solution for the inequality-8&gt;-4t+5?
Alekssandra [29.7K]
I believe the answer would be C. u subtract the 5 from both sides and divide by the -4 and flip the inequality. it has to be greater than than 13/4.
8 0
3 years ago
Other questions:
  • Slope of a graph where the y intercept is 0,5 and another point is 1, 27?
    14·1 answer
  • 12,13,14 help please
    11·2 answers
  • What is 246000000 in standed form need to know whit in 15 min
    7·1 answer
  • Four friends go to the movies and split the total cost between them the total is 17.28 for movie tickets and 13.68 for snacks ho
    8·1 answer
  • If a farmer can trade four chickens for a pig, three pigs for two sheep, and five sheep for two cows, what is the minimum number
    7·2 answers
  • The table below represents a linear function f(x) and the equation represents a function g(x):
    6·1 answer
  • PLSSSS HELP I REALLY NEED TO PASS. What is the wave velocity if the wave length is 100 cm and the frequency is 2 Hz?
    5·2 answers
  • What is the answer to this?
    14·1 answer
  • 9 + 9h<br> =<br> 10h + 2 is this infinite solution
    6·1 answer
  • Option 1: 1,811 square feet, 2-3 bedroom, 2 bath house that arrives in 4 modules. It includes the upgraded PEX piping and fiber
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!