3 years ago

Can someone pls help me fast

Mathematics

2 answers:

Bezzdna [24]3 years ago

7 0

The slope is 1

Hope I didn't mess up for your sake

Vsevolod [243]3 years ago

6 0

The slope is 4/4 but you have to simplify so the answer i 1.

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How much would 500 invested at 3% interest compounded continuously be worth after 6 years

timofeeve [1]

$\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount}\\\\
A=Pe^{rt}\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$500\\
r=rate\to 3\%\to \frac{3}{100}\to &0.03\\
t=years\to &6
\end{cases}
\\\\\\
A=500e^{0.03\cdot 6}\implies A=500e^{0.18}\implies A\approx 598.6086815609$