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.
The correct answer to this problem would be -3. Based on the points you've provided on the graph, -3 would be the correct common difference. :)
Answer:
Step-by-step explanation:
2y = 3 -2x
Rearrange the equation to slope-intercept form
y = -x + 3/2
Slope of line is 3/2.
The social indicators that can be used to know the quality of life in campus are the number of hours spent in school, extra curricular activities, etc.
<h3>What are social indicators?</h3>
It should be noted that social indicators are used to monitor the social system.
The social indicators that can be used to know the quality of life in campus are the number of hours spent in school, extra curricular activities, etc. They're important to assess ones social life.
In conclusion, after necessary data has been collected m, a research can be made to know how the quality of life is affected by the data.
Learn more about indicators on:
brainly.com/question/485822
