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.
1/4 times 2 2/3 = 2/3
Change from a mixed number to improper fraction: 1/4 times 8/3
Multiply across so 1x8/4x3 to get 8/12
Simplify to 2/3
Answer:
The rule is to multiply the numbers on the X side by 3
Step-by-step explanation:
brainlyiest?
Answer:
the least common multiple is 18
Step-by-step explanation:
Graph the line using the slope and y-intercept, or two points.
Slope= -5
y- intercept= (0,2)
The answer has two points (0,2) and (1,-3) place them and then make a line going left through them.
