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Anarel [89]
3 years ago
14

If $8259 principal is invested in a savings account that pays 5.25% interest compounded continuously how much money will be in t

he account after 10 years?
A(10) = $
Mathematics
1 answer:
VMariaS [17]3 years ago
5 0

Answer:

A(10) = $13,961.50

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 5.25/100

r = 0.0525 rate per year,

Then solve the equation for A

The formula is given as:

A = Pe^rt

P = 8259

r = 0.0525

t = 10 years.

Hence,

A = 8,259.00 × e^(0.0525×10)

A = $13,961.50

Therefore, the money that will be in the account after 10 years is $13,961.50

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<h2>Solution -</h2>

From the graph, we concluded that line passes through the points (0, 3) and (1, 4) respectively.

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<h3>So, on substituting the values, we get </h3>

m = 4 - 3 / 1 - 0 = 1/1 = 1

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<h3>Alternative Method :-</h3>

We know, Equation of line passing through the points (a,b) and (c, d) is given by

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d = 4

<h3>So, on substituting these values in above result, we get :-</h3>

y - 3 = 4 - 3 /1 - 0 ( x - 0 )

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<h3>Different forms of equations of a straight line :-</h3>

1. Equations of horizontal and vertical lines

Equation of line parallel to x - axis passes through the point (a, b) is y = b.

Equation of line parallel to y - axis passes through the point (a, b) is x = a.

<h3>2. Point-slope form equation of line</h3>

Equation of line passing through the point (a, b) having slope m isy - b = m(x - a)

<h3>3. Slope-intercept form equation of line</h3>

Equation of line which makes an intercept of c units on y axis and having slope m is y = mx + c.

<h3>4. Intercept Form of Line</h3>

Equation of line which makes an intercept of a and b units on x - axis and y axis respectively is x/a + y/b = 1.

<h3>5. Normal form of Line</h3>

Equation of line which is at a distance of p units from the origin and perpendicular makes an angle B with the positive X-axis is x cosB + y sinB = p.

<h2 />

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Compared to the tone of Passage 2, the tone of
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The correct answer is option e) tempered.

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