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Bond [772]
3 years ago
5

What is the name given to the point (0,7)

Mathematics
1 answer:
Alexus [3.1K]3 years ago
4 0
The answer is B. Y intercept
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What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously
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\bf \textit{Continuous Compounding Amount}\\\\
A=Pe^{rt}\qquad \begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$410\\
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\end{cases}

so, that gives you  the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P  <--- that's how much interest was earned
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