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3 years ago

Praise put some money into an account paying 4.5% compounded continuously for 10 year

Mathematics

1 answer:

Gala2k [10]3 years ago

6 0

Answer: $\$2297.47$

Step-by-step explanation:

Given

Rate of interest $r=4.5\%$

time period $t=10\ year$

Amount $A=\$3567.91$

Amount in compound interest is given by

$\Rightarrow A=P[1+r\%]^t$

where, $P=\text{Principal}$

Insert the values

$\Rightarrow 3567.91=P[1+0.045]^{10}\\\\\Rightarrow P=\dfrac{3567.91}{1.5529}\\\\\Rightarrow P=\$2297.47$

So, Praise starts with $\$2297.47$

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vesna_86 [32]

Answer:

Equivalent fractions of 5/3 are-

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3 years ago

Read 2 more answers

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OverLord2011 [107]

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3 years ago

A theater sells tickets for a concert . Tickets for lower level sells for $35 each , tickets for upper level sell for $25 each .

arlik [135]

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4 years ago

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