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seropon [69]
3 years ago
15

You deposit $3000 in an account earning 4% interest compounded continuously. How much will you have in

Mathematics
1 answer:
V125BC [204]3 years ago
7 0

Answer: $3,664.21

Formula: A=Pe^{rt}

  • P = principle/original amount = $3000
  • r = rate of interest = 4% = 0.04
  • t = time period (in years) = 5
  • A = the new amount
  • e = Euler's number ≈ 2.718...

Substitute in the values:

A=(3000)e^{(0.04)(5)} =(3000)e^{0.2} =(3000)(1.2214)=3664.208

<u>Approximately $3,664.21</u>

<em>I think this is how you solve it o_O</em>

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Answer:

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Step-by-step explanation:

According to solve for the length of x, we need to use SOH CAH TOA.

This means...

Sine: Opposite over Hypotenuse

Cosine: Adjacent over Hypotenuse

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In this case, we are given the angle, the hypotenuse, and we need to solve for the adjacent. This means that we will use cosine, since we have the adjacent and the hypotenuse.

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The question asks us to round to the nearest <em>tenth</em>.

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Hope this helps!

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