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
BARSIC [14]
3 years ago
13

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]3 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 .

You might be interested in
Determine whether each number is prime, composite, or neither.
givi [52]
Alright lets start by defining both prime and composite.

A natural number that has exactly two factors, one and itself, is called a prime number.
And natural number, other than one, that is not prime, is composite.

So lets start on #1: 8. We should know right off the bat that this is an even number and therefore can be divided by 2 (8/2=4). Since 8 is not one, we know that it is a composite number.

On #2 the number is 13. Now try some random numbers (2,3...) and you will find that nothing will give you a whole number (other than one). This means this number is prime.

#3 is the number 24 which is also even and can be divided by two, therefore is it composite.

33 is the number on #4. Now this one you should look at and realize that it can be divided by 11. Any two numbers that are the same (11, 22, 33, 44, 55...) can be divided by 11. This number is composite.

#5, the last one, is number 89. 89 is not a composite number, because it's only divisors are one and itself. This would make is a prime number.

Sorry this was kinda long, but I hope it helps! If you have any questions, feel free to ask!
4 0
4 years ago
Jocelyn's foot is 17 centimeters long. If she puts the heel of one foot next to the toes of her other foot, how long will both o
liraira [26]

Answer:

34 centimeters

Step-by-step explanation:

5 0
3 years ago
What is the slope of the line whose equation is –48 = 2x − 8y?
alexgriva [62]
-48 = 2x - 8y
-24 = x - 4y
4y = x + 24
y = (1/4)x + 6

Slope of the line
1/4
4 0
3 years ago
Read 2 more answers
Could someone please solve this and explain how to do it?
galben [10]

Answer:

no clue buddy sry

Step-by-step explanation:

4 0
3 years ago
I NEED HELP WITH THIS QUESTION ASAPP
Nonamiya [84]

15, 7, 24, 10. If it is 2 tables for every 6 guests, then it is 1 for every three. All you have to do is multiply the table number by 3 to get the number of guests, and you need to divide the guest number by 3 to get the table number.

4 0
3 years ago
Other questions:
  • X^3 - 5x^2 - x + 5 ​
    7·1 answer
  • A chain thats 5 links long is joined to a chain 7 links long. How many links long is the resulting chain?
    8·1 answer
  • Evaluate x^2/y + x^2/z, if x=10, y=-5, and z=-2
    11·2 answers
  • If you are in a great deal of Dept but want to save for an emergency fund, you should
    10·1 answer
  • Find the value of y when x = 3<br><br> y = (2x+8)/5
    10·1 answer
  • What dose 4/6 equivalent to
    10·2 answers
  • Opal walked from school to home, which
    14·1 answer
  • Question 15
    11·2 answers
  • The ratio of Maths and science books in a school library is 4:5. If the number of science books is 75, find the number of Maths
    6·1 answer
  • Describe these sets June July january​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!