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AlladinOne [14]
3 years ago
10

If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in

4 years? Use the continuous compound interest formula: A = Pert.
a. $198.55
b. $209.51
c. $295.01
d. $2,950.14
Mathematics
1 answer:
Eduardwww [97]3 years ago
5 0

Answer:

answer is c) 295.01

hope this helps

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Hey there! 

These are the steps involved in answering the question:

Change 8% into a decimal. To do this, just move the decimal place, 2 places to the left.
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Now, multiply 0.8 by 44. 
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So, the final answer is: 35.2.

<span>(If you feel that my answer has helped you, please consider rating it and giving it a thank you! Also, feel free to choose the best answer, the brainliest answer!)
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