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maw [93]
3 years ago
7

$870 is invested in an account earning 2.9% interest (APR),

Mathematics
1 answer:
Cloud [144]3 years ago
7 0

Answer:

Step-by-step explanation:

\text{Continuous compounding is}\\ \\ A=Pe^{rt}\\ \\ V=870e^{0.029t}\\ \\ \text{The yearly growth rate is}\\ \\ e^0.029\approx 1.0294\\ \\ \text{Which is a growth of }2.94\%

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4 x 1,000,000,000 + 5 x 1,000,000 + 9 x 10,000 + 8 x 100 + 7 x 1

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