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Rus_ich [418]
2 years ago
15

Solve the problem.

Mathematics
1 answer:
SCORPION-xisa [38]2 years ago
6 0

Answer:

$2907.89

General Formulas and Concepts:

<u>Symbols</u>

  • e (Euler's number) ≈ 2.71828

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right<u> </u>

<u>Algebra i</u>

Compounded Continuously Formula: \displaystyle A = Pe^{rt}

  • <em>P</em> is principle amount
  • <em>r</em> is rate
  • <em>t</em> is time

Step-by-step explanation:

<u>Step 1: Define</u>

<em>Identify variables</em>

<em>P</em> = 930

<em>t</em> = 19

<em>r</em> = 6% = 0.06

<u>Step 2: Find Interest</u>

  1. Substitute in variables [Compounded Continuously Formula]:                    \displaystyle A = 930e^{19 \cdot 0.06}
  2. [Exponents] Multiply:                                                                                        \displaystyle A = 930e^{1.14}
  3. Evaluate exponents:                                                                                         \displaystyle A = 930(3.12677)
  4. Multiply:                                                                                                              \displaystyle A = 2907.89
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