If you invest $600 at 5% interest compounded continuously, how much would you make after 6 years?
2 answers:
Answer:
$809.92
Step-by-step explanation:
(see attached for reference)
Recall that the formula for compound interest (compounded continuously) is
A = P e^(rt)
where,
A = final amount (we are asked to find this)
P = principal = given as $600
r = interest rate = 5% = 0.05
t = time = 6 years
e = 2.71828 (mathematical constant)
Substituting the known values into the equation:
A = P e^(rt)
= 600 e^(0.05 x 6)
= 600 (2.71828)^(0.30)
= $809.92
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Answer:
The side closest to P is the side that is on the same side of the angle bisector as P.
Step-by-step explanation:
The angle bisector is the line containing all the points equidistant from the sides of the angle. Points on one side of the angle bisector are closer to the angle side that is on that side of the angle bisector.
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The attached diagram shows the angle bisector as a dashed line. A couple of different locations for P are shown (P1 and P2). Apparently, we're concerned here with the distance from P along the perpendicular to each side of the angle. For P2 (on the left side of the angle bisector), it may be clear that the left perpendicular is shorter than the right one. Likewise, for P1, the right perpendicular will be shorter.
