Nine more than the quotient of 2 and a number of x
1 answer:
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Answer:
I. 1,000 dollars
II. 1,061.84 dollars
III. 1,127.50 dollars
Step-by-step explanation:
Formula for continuous compound interest:
Plug in the values for one year:
A = 1000(2.71828)^(0.06)(1)
A = 1,061.84 dollars
Plug in the values for two years:
A = 1000(2.71828)^(0.06)(2)
A = 1,127.50 dollars