Suppose you deposit $1000 in an account paying 3% annual interest, compounded continuously. Use A=Pe^rt to find the balance afte
r 10 years
1 answer:
Answer:
$1,349.8
Step-by-step explanation:
Using the formula given:
A=Pe^rt, where
A= ending amount
P= beginning amount
e= Euler’s number that is approximately 2.718
r= rate: 3%=0.03
t= time: 10 years
A= $1,000*(e^0.03*10)
A= $1,000*(e^0.3)
A= $1,349.8
According to this, the answer is that the balance after 10 years is $1,349.8.
You might be interested in
one CD is $19.98 with the shipping fee so use what money you have and see what you get :)
Answer:
E
Step-by-step explanation:
Yes, good job! Since AB and CD are congruent, so are the angles
There are 5 groups of 3 in the number 15, so 15/3=5