1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Valentin [98]
2 years ago
15

If you deposit 4500 in an account paying 3.2% interest continually home much will the account balance be after 1.5 year

Mathematics
1 answer:
Vikentia [17]2 years ago
5 0

Answer:

We conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $4,500.00 at a rate of 3.2% per year  compounded continuously  over 1.5 years is $4,721.27.

Step-by-step explanation:

Given

  • Principle P = 4500 (Let say in $)
  • Interest rate r = 3.2% = 0.032
  • Time period t = 1.5 years

To determine

Accrue Amount A = ?

Using the formula

A\:=\:Pe^{rt}

substitute r = 0.032, P = 4500, and t = 1.5

A\:=\:4,500.00\left(2.71828\right)^{\left(0.032\right)\left(1.5\right)}

A = $ 4721.27

Therefore, we conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $4,500.00 at a rate of 3.2% per year  compounded continuously  over 1.5 years is $4,721.27.

You might be interested in
Given m||n, find the value of x.<br> +<br> 104<br> Answer:
bearhunter [10]

Answer:

x = 104° because they are alternate interior angles and alternate interior angles are equal

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
1.<br> 15% of what number is 45?
Rom4ik [11]

Answer:

15% of 300 is 45

6 0
2 years ago
Read 2 more answers
Prove that 4x-1 =11,in which the value of x=3​
SOVA2 [1]

Answer:

3

Step-by-step explanation:

substitute where x=3 into the equation

so 4*3-1=11

8 0
2 years ago
Read 2 more answers
Please help me ?! ❤️❤️
Zanzabum

Answer:

Hey there!

On the horizontal axis, the x-axis, find the point where it says 8.

Then move up to where the y-coordinate is 5.

That is the point (5, 8)

(This basically means- 8 units right and 5 units up)

Let me know if this helps :)

8 0
3 years ago
All you need is in the photo <br>please help​
rosijanka [135]

Answer:

50

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • In​ 2015, there were approximately 31,800 firearms fatalities. Express this quantity in deaths per hour
    10·1 answer
  • What is the value of cosθ given that (−2, 9) is a point on the terminal side of θ ? 985√85
    7·2 answers
  • The cost of printing a catalog of the products that your company distributes is a flat rate of $52 plus $0.20 per copy. Let C re
    14·2 answers
  • Find the GCF of each set of trinomials <br> 60x^2y^2 , 35xz^3
    14·2 answers
  • What does –x2 – 6x – 8 look like on a graph<br> The 2 is a power
    14·2 answers
  • Who is the biggest 1/2 or 3
    13·2 answers
  • Explain how you would use estimation to help solve this problem. Be sure to include the number sentence you would
    15·1 answer
  • What is the sum 10 + (-10)
    13·2 answers
  • I need help what is 9045 times 84????
    8·1 answer
  • H . E . L . P
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!