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.
1331 hope this helped! ;))
It is defined as the difference between the largest and smallest values in the middle 50% of a set of data<span>. To compute an </span>interquartile range<span> using this definition, first remove observations from the lower quartile. Then, remove observations from the upper quartile.</span>
I want to say it is A because if you simplify it then it should say 36x/6x. I hope this helps! If wrong correct me..
Answer:
A, C, A, B, D
Step-by-step explanation:
i took the test
