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2 years ago

7. Find the amount of money accumulated if you invest $10,000 at 3% interest compounded continuously for 2 years. Round your

Mathematics

1 answer:

IrinaK [193]2 years ago

4 0

Answer:

$10618.37

Step-by-step explanation:

Use the formula for compound interest:

P(t) = P_0e^(rt)

You can look the formula up online to find what each variable represents.

First, our principal amount (P) is 10,000. Our interest rate (r) is 3% and our time (t) is 2. Substitute these into the equations in each variables' place. The equation will look like this:

P(t) = 10,000e^(0.03x2)

P(t) = 10,000e^(0.06)

Note that e is approximately 2.7183 .

Using your calculator, now simply find P(t).

You should get 10618.36972 as your answer. Round that to the nearest cent to get $10618.37 .

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lianna [129]

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3 years ago

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Katarina [22]

Answer:

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Step-by-step explanation:

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3 0

2 years ago

Can someone help me with this?

aivan3 [116]

Step-by-step explanation:

The formula for the volume of a sphere is V = 4/3 πr³.

Given

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$v = \frac{4}{3} \pi {r}^{3}$

$57 = \frac{4}{3} \times 3.14 \times {r}^{3}$

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7 0

2 years ago

Ramon earns $1,735 each month and pays $53.10 on electricity. To the nearest tenth of a percent, what perfect of ramons earnings

Alenkinab [10]

Answer:

$\boxed{3.1 \, \%}$

Step-by-step explanation:

The formula for calculating percentage is

$\text{Percentage} = \dfrac{\text{Part}}{\text{Whole}} \times 100 \, \%$

The "part" is the electricity payment.

The "whole" is Ramon's earnings.

$\begin{array}{rcl}\text{\% of earnings} & = & \dfrac{53.10}{1735} \times 100 \, \% \\\\& = & \mathbf{3.1 \, \%}\\\end{array}\\\boxed{\mathbf{3.1 \, \%}} \text{ of Ramon's earnings are on electricity}$

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3 years ago

Multiple choice question will reward brainliest answer!

Finger [1]

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6 0

2 years ago