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Ahat [919]
2 years ago
6

Landon invested $110 in an account paying an interest rate of 4.1% compounded

Mathematics
1 answer:
krok68 [10]2 years ago
7 0

Answer:

the amount after 5 years using compound continuously is $135.03

Step-by-step explanation:

The computation of the amount after 5 years using compound continuously is as follows

= Principal × e^(rate × time period)

= $110 × e^(4.2% × 5)

= $110 × 1.227525065

= $135.03

Hence, the amount after 5 years using compound continuously is $135.03

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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Answer:

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2. Markup: $9.45, Retail: $31.95

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Step-by-step explanation:

To get the markup price of an item, multiply it by the markup percentage as a decimal. To get the decimal of a percentage, divide the number by 100. For example, 15% would be 0.15. And then to find how much the item has been marked up by, multiply the current price by the decimal.

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Hope this helps.

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Answer:

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Step-by-step explanation:

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