We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
Your balance will be 48
Step-by-step explanation:
If you have -12 add 60 that will equal 48
Answer: true false some true
Step-by-step explanation:
(-2x + 4y)(3x - 7y) = -6x^2 - 28y^2 + 12yx
Not sure why it needs to be a fraction, if I am missing something please tell me. 64 or 64/1
