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
What is the value of z in the equation 2(4z − 3 − 1) = 166 − 46?
ZanzabumX [31]
In this equation z=16
7 0
3 years ago
Sally has 50 pencils. 38% of them have stripes. How many have stripes?
Brums [2.3K]

Answer: 19

Step-by-step explanation:

7 0
3 years ago
Jordan and her family enter a race around a track. Jordan take 10 minutes to run a lap, her sister 12 minutes and Katie 20 minut
Nutka1998 [239]
They will be finished at 6:56
3 0
3 years ago
F(x)=|x+3|-1 range and domain
KiRa [710]

Hey there! :)

Answer:

Domain: (-∞, ∞)

Range: [-1, ∞)

Step-by-step explanation:

This is an absolute-value function.  (Graphed below) The vertex is at (-3, -1) which consists of the minimum y-value of the function. Therefore:

Domain: (-∞, ∞)

Range: [-1, ∞)

8 0
3 years ago
if one person walked 1.2miles and the other walked 0.8 miles and they made 120.00 how much money did each one make
alexdok [17]
The one who walked 1.2 miles would have made $72 and the one who walked 0.8 miles would have made $48.
7 0
3 years ago
Other questions:
  • WILL GIVE BRAINLEST Question #1: Solve the proportion: It takes 7 tomatillos to make 12 ounces of enchilada sauce. How many toma
    13·1 answer
  • What number system does 5.12 belong too
    14·1 answer
  • 1) Reduza os números abaixo a uma potência de base 2
    15·2 answers
  • What is the percentage of 70.18
    7·1 answer
  • Jean was asked to round a number to the nearest hundred she correctly wrote 32,700 what number could be the number jean was aske
    11·1 answer
  • Lenny is competing with his cousin, Jasper, in an indoor rock-climbing contest. At the start of the climb, Lenny makes his way 5
    8·1 answer
  • The perimeter of a square is 54 cm.Find the length of a diagonal, rounding to the nearest tenth
    15·1 answer
  • Mark<br> used 6428 blocks build a castle round the number of block to the nearest tens
    10·1 answer
  • Quadrilateral A'B'C'D is the image of quadrilateral ABCD under a translation.
    5·2 answers
  • What is the smallest prime number p such that
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!