0.07 x 11.2 = 0.784 -< Answer
The answer uses NMF for formatting, which you can find out about in my profile if needed:
the equation is this:
time = {total paid - 35}/{15}
Put in what we know:
time = {95 - 35}/{15}
time = {60}/{15}
time = 4 hours
593-540=53
9 R8
I hope that helped u:))
Answer:5.5%
Step-by-step explanation:
just use it smh
Answer: the value of the account after 10 years is $2606
Step-by-step explanation:
The formula for continuously compounded interest is
A = P x e (r x t)
Where
A represents the future value of the investment after t years.
P represents the present value or initial amount invested
r represents the interest rate
t represents the time in years for which the investment was made.
e is the mathematical constant approximated as 2.7183.
From the information given,
P = 1800
r = 3.7% = 3.7/100 = 0.037
t = 10 years
Therefore,
A = 1800 x 2.7183^(0.037 x 10)
A = 1800 x 2.7183^(0.37)
A = $2606 to the nearest dollar
