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companies often win in a credit transaction, due to their clients continually pay them for their usage.
We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
-1/2
Step-by-step explanation:
to find perpendicular slope, flip the number and the sign
Answer:
See explaination for the prove of the statement.
Step-by-step explanation:
To establish this prove, lets refer back to what we already know.
We know that "If the set of reactions {d1,d2,d3,......dn} in a vector space V over a field f be linearly dependent, then atleast one of the vectors of the set can be expressed as a linear combination of the remaining others.
Please kindly go to attachment for a detailed step by step explaination of the prove.