Could you upload a photo?
We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
260.42 you add them because it want the total time of all of them
Answer:
$5.19
Step-by-step explanation:
All you do is divide $25.95 BY 5
Answer:
i think the rubber ducky in the bath died on the celling so she was happy and then there was a puddle of tears on the ground so thats why u should never go to school
Step-by-step explanation:
