Answer:
Step-by-step explanation:
1. Based on the information given in the problem, you can draw the right triangle shown in the figure attached.
2. Keeping the informationn given in the problem, you can calculate the angle that the sum makes with the ground ()as you can see below:
Where:
3. Then:
Answer:
The amount in the account at the end of three years will be $59,861.
Step-by-step explanation:
The formula to compute the amount at the end of <em>t</em> years, compounded continuously is:
Here,
A = Amount at the end
P = Principal amount
i = interest rate
t = number of years.
It is provided that:
P = $50,000
i = 6%
t = 3 years
Compute the amount in the account at the end of three years as follows:
Thus, the amount in the account at the end of three years will be $59,861.