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adelina 88 [10]
3 years ago
11

60.April would like to invest $200 in the bank for one year. Three banks all have a nominal APR of 1.5%, but compound the intere

st differently.
c. Bank C compounds interest continuously. What would April’s balance be after one year with this bank?
Mathematics
1 answer:
mojhsa [17]3 years ago
5 0

Answer:

$203.02

Step-by-step explanation:

Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:

B= 200*e^{i*t}

Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):

B= 200*e^{0.015*1}

B= 203.02

April's balance would be $203.02 after one year.

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Answer: the distance of the base of the house to the foot of the ladder is 6.84 feet

Step-by-step explanation:

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Right angle triangle ABC is formed when the ladder leans against the wall of the house.

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To determine x, we will apply trigonometric ratio

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