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
Serggg [28]
3 years ago
11

you deposit $1500 in an account that pays 5% annual interest compounded continuously what is the balance after 6 years.

Mathematics
1 answer:
Gemiola [76]3 years ago
3 0
Hello kiddio lets figure this out!

The formula for simple interest is I = P*R*T where I = interest, P = Principal (original amount), R is the rate as a decimal, and T is time in years.  So I = 1500*(.05)*6 = 1500*(0.30) = $450.  The total amount you have after 6 years is the amount you started with ($1500) plus the interest ($450) which is $1950.   The formula for yearly compounding is  A = P(1 + r)t   where   A = Accumulated or final amount  P = Principal ($1500) r = interest rate as a decimal (0.05)t = time (6 years)   A = 1500*(1 + 0.05)6 = 1500*(1.05)6 = $2010.14  

Have a nice day
You might be interested in
Is it possible for two planes to intersect in exactly one point
Strike441 [17]
Two planes intersect at a line. Not a point.
8 0
3 years ago
What can 4/6 be simplified into
Charra [1.4K]
Since both 4 and 6 are divisible by 2, it becomes 2/3<span />
6 0
3 years ago
Read 2 more answers
True or false, 4x-3+x+7 would equal 5x-10​
dimulka [17.4K]

Answer:

false

Step-by-step explanation:

if you simplify you get 5x+4=5x-10, which is false

3 0
3 years ago
Read 2 more answers
What is the value of the function when x = −2, y =?
shtirl [24]
As you can see on the graph, when x=-2, y=-3.
3 0
3 years ago
How to do composition of functions​
KengaRu [80]
<h2><u><em>If you rather have the link to get this info lmk!!</em></u></h2>

Example: f(x) = 2x+3 and g(x) = x2

"x" is just a placeholder. To avoid confusion let's just call it "input":

f(input) = 2(input)+3

g(input) = (input)2

Let's start:

(g º f)(x) = g(f(x))

First we apply f, then apply g to that result:

Function Composition - (g º f)(x) = (2x+3)2

What if we reverse the order of f and g?

(f º g)(x) = f(g(x))

First we apply g, then apply f to that result:

Function Composition - (f º g)(x) = 2x2+3

We get a different result!  When we reverse the order the result is rarely the same.  So be careful which function comes first.

<h2 />
5 0
3 years ago
Other questions:
  • Ella has 50 stacks of ten pennies in each stack. Describe how to find how many pennies Ella has in all
    5·2 answers
  • What is the area of a sheet of binder paper? (Binder paper is 8 1/2 inches by 11 inches.)
    11·1 answer
  • Find the values of q_1, q_2, and q_3 for the following data values: 6, 8, 13, 15, 16, 16, 18, 22
    9·1 answer
  • Evaluate the expression using the order of operation (13.1 times 3) + 5.21
    9·1 answer
  • Using the side lengths determine whether the triangle is acute right or obtuse.
    7·2 answers
  • A number that has both a whole number and a fraction is called a(n)
    11·1 answer
  • PLEASE HELP!!
    15·2 answers
  • Choose the graph that matches the inequality ­ y &lt; –2x + 4.
    15·2 answers
  • Steve bought 7 boxes of pencils. Each Box contained 9 pencils. He wants to give each of his 6
    15·1 answer
  • I just need some help solving this question, i’m not sure what to do
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!