2 years ago

Which equation is true if you put 0.7 in the blank?

Mathematics

2 answers:

deff fn [24]2 years ago

6 0

B is the correct answer

garri49 [273]2 years ago

4 0

Answer:

option B is the correct answer

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Wanda opened a savings account 20 years ago with a deposit of $3,150.37. The account has an interest rate of 4.1% compounded dai

Aleksandr [31]

$\bf ~~~~~~ \stackrel{daily}{\textit{Continuously Compounding Interest Earned Amount}}\\\\
A=Pe^{rt}\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$3150.37\\
r=rate\to 4.1\%\to \frac{4.1}{100}\to &0.041\\
t=years\to &20
\end{cases}
\\\\\\
A=3150.37e^{0.041\cdot 20}\implies A=3150.37e^{0.82}\implies A\approx 7152.91457$

how much interest is there? well, A - 3150.37.

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