The anser is 6.25. Can you help me on mines?
We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
Step-by-step explanation:
height of water = ¾×12 = 9 inches
volume of water = 30×10.5×9 = 2,835 in³
D
uses the the formula y=mx+b and m is the slope. b is the y intercept.
Answer:
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