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
kumpel [21]
3 years ago
6

you invest $1600 into an account that pays an interest rate of 4.75 percent compounded continuously. Calculate the balance after

seven years.
Mathematics
1 answer:
BigorU [14]3 years ago
5 0
Compounding continuously uses the A = Pe^(rt) formula
A = amount in the account after specified period of time
P = principal
e = constant 
r = rate (change to decimal)
t = time in years 
A = 1600<em>e</em>^(.0475*7)
A = $ 2231.12

You might be interested in
Sean Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300.00 for the 40 hours he worked.
Gnoma [55]
If we calculate the net take home pay and we assume the employer withheld federal income tax (wage-bracket, married, 2 <span>allowances), social security taxes, and state income tax (2%)
</span>
Married at least $500 but not more than $510       $21
Social Security at 4.2%                                          $21
State income tax at 2%                                          $10
Total taxes:                                                             $52

Total net take-home pay:                                       $598
4 0
3 years ago
1.81 repeating as a fraction
OlgaM077 [116]

Answer: 1 73/90 if the decimal is 1.81 and the one is repeating

If the .81 is repeating then 1 9/11

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Write an equation of the line whose slope is -2 and whose y-intercept is 1.
musickatia [10]
Y=-2x+1 ~~~~~~~~~~~~~~~~~

4 0
3 years ago
Read 2 more answers
Find f(x) = 4*, when x = 1/2
faust18 [17]

Answer:

f=8

Step-by-step explanation:

fx0.5=4

f=4x2

f=8

5 0
3 years ago
How to solvee ????? PPLLEASEEEEE
Kipish [7]
If they are all in a line then we can find the equation of their line using: y = mx + b

First find m using points (2,5) and (3,3)

m = (5-3)/(2-3) = 2/-1 = -2

Now using (3,3) and m= -2 to solve for b:

3 = -2(3) + b
3 = -6 + b
9 = b

So our equation is y = -2x + 9
That is the solution for question b)

Now to find the mystery point, solve:

1 = -2x + 9
-8 = -2x
4 = x

So our mystery point is (4,1)

So for part a) the answer is k = 4
5 0
3 years ago
Read 2 more answers
Other questions:
  • The spread of a virus can be modeled by exponential growth, but its growth is limited by the number of individuals that can be i
    7·1 answer
  • Abigail made a quilt that has an area of 4,800 square inches. The length of the quilt is 1 1/3 times the width. What are the dim
    5·1 answer
  • in a packet of skittles there are 27% are red and 23% are green and the rest are blue what percentage are blue?
    10·2 answers
  • A downtown building
    13·1 answer
  • 150+75x=400+25x<br>For how many hours of service will both companies charge the same amount?
    15·1 answer
  • a missile is launched from the ground. its height, h(x), can be represented by a quadratic function in terms of time, x, in seco
    10·1 answer
  • The point (0,-4) is located [ANSWER]
    15·2 answers
  • Please help me I am stuck (questions are in the picture, and the marked-off section does not have to be done).
    6·1 answer
  • Which statement correctly describes the relationship of the data shown in the scatter plot?
    13·1 answer
  • Please help me solve this math it’s due in 1 hour
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!