We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
A
Step-by-step explanation:
The Fibonacci sequence is the sum of the two terms before it. It looks like this:
1, 1, 2, 3, 5, 8, 13, 21, 34, ...
As you can see, 13 and 21 are indeed consecutive terms.
Subtract 9x from 23x yields 14x. This was done by subtracting algebraically the variables.
Answer:
The equation would be F = C - 3m
Step-by-step explanation:
Based on the chart, the fee for each movie you rent costs 3 dollars. The F is the monthly membership fee, the m is the number of movies rented, the 3 is the fee for each movie rented, & the C is the cost.
I really hope that it helps.
