Formula for compounding continuously is:
A = Pe^(RT)
A = Amount, P = Principal, e = constant ≈ 2.71828..., R = Rate per year,
T = Time.
A = ?, P = $1400, R = 5.5% = 5.5/100 = 0.055, T = 6 years.
A = Pe^(RT)
A = 1400*(2.71828)^(0.055*6) use a calculator.
A ≈ 1947.35
Amount or balance is ≈ $1947.35
I hope this helps.
Green Sprinkles
Pink Sprinkles is $3.20 per pound
Blue Sprinkles is $4.00 per pound
Green Sprinkles is $2.80 per pound
Yes that should be correct
Instead of adding 6 three times, you can multiply 6 by 3 and get 18, the same answer.
Similarly,
6 + 6 + 6 + 6 + 6 + 6 + 6 = 6 × 7 = 42
Answer:
None of the above. 16 3/2 simplified is
Mixed number: 17 1/2
Improper fraction: 35/2
Step-by-step explanation:
