The account balance after 3 years if the interest is compounded continuously is $5,142.62
<h3>How to find compound interest?</h3>
- Principal, P = $4,700
- Time,t = 3 years
- Interest rate, r = 3%
r = 3/100
r = 0.03 rate per year,
A = Pe^rt
A = 4,700.00(2.71828)^(0.03)(3)
= 12,775.916^0.09
A = $5,142.62
Therefore, the account balance after 3 years if the interest is compounded continuously is $5,142.62
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Evaluate
at
:

Compute the line element
:

Simplifying the integrand, we have

Then the line integral evaluates to

Answer:The amount to be paid within the discount period is $980
Step-by-step explanation:
The term 2/10, n45
means that 2% discount is offered if the amount of invoice is paid within 10 days from the date of invoice .
n/45 means that the buyer will pay the full amount within 45 days if he /she does not pay within the discount period of 10 days .
Now if the amount is to be paid within the discount period, the amount will be
Amount to be paid= $1000- 2% of 1000
= $1000-20
=$980