In the past, the mean running time for a certain type of flashlight has been 9.2 hours. The manufacturer has introduced a change
1 answer:
You might be interested in
Answer:
$203.02
Step-by-step explanation:
Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:
Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):
April's balance would be $203.02 after one year.
The solution is in the picture
