4(axb)=(4xa)b is an example of which algebraic property?
2 answers:
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Answer:
$5751.37
Step-by-step explanation:
The key phrase here is "compounded continuously". This phrase tells you that you must use the following equation:
Where A is the final amount, P is the principal amount, e is the exponential constant, r is the rate in decimals and t is time. By plugging in our known values given we obtain: