Answer:
20 or 18
Step-by-step explanation:
Answer:
f(3) = 3
Step-by-step explanation:
f(x) = (1/7)(7x)
f(3) = (1/7)(7×3)
f(3) = (1/7)(21)
f(3) = 3
<span>$15000 compounded continuously at a rate of 3% for 11 years will yield a final amount of $20864.52. The equation for continuously compounded interest A = Pe^rt where A=End Amount P=Inital Amount e=eulers number (approximately 2.7) r=growth rate per year and t= time. So for your problem, p= 15000 r= 3 and t= 11. Plug that into your calculator and you'll get $20864.52.</span>
