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skelet666 [1.2K]
2 years ago
9

Some banks now use continuous compounding of an amount invested. In this case, the equation that models the value of an initial

investment of P dollars in t years at an annual
interest rate of r is given by A = Pelt. Using this equation, find the value in 5 years of an investment of $2000 that earns 7% annual interest. (Round your answer to the nearest cent.)
Mathematics
1 answer:
Komok [63]2 years ago
4 0

Answer:

In this case, the equation that models the value of an initial investment of P dollars in t years at an annual interest rate of r is given by A = Pert.

Step-by-step explanation:

You might be interested in
the sum of 16 numbers is 240.The average of 6 of those numbers is 10. the average of the remaining numbers is
Ivan

Answer:

18

Step-by-step explanation:

If the average of 6 numbers is 10, then the sum of those 6 numbers is:

6 x 10 = 60

To calculate the sum of the remaining 10 numbers, subtract 60 from the total sum of all the numbers:

240 - 60 = 180

Therefore, the average of the 10 remaining numbers:

180 ÷ 10 = 18

4 0
2 years ago
Use the percent proportion to solve for X. 16 is 32% of x. Find the value of 1.​
Umnica [9.8K]

Answer:

I dont get the question, is there suposed to be a chart?

Step-by-step explanation:

7 0
3 years ago
A person places $37700 in an investment account earning an annual rate of 5%,
lorasvet [3.4K]

Answer:

8,229,437 cents

Step-by-step explanation:

Using the compound interest formula;

A = P(1+r)^n

Given

Principal invested = $37700

rate r = 5% = 0.05

Time t = 16years

Substitute into the formula

A = 37700(1+0.05)^16

A  = 37700(1.05)^16

A = 37700(2.1829)

A = 82,294.37

Hence the amount of money, to the  nearest cent, in the account after 16 years is 8,229,437 cents

4 0
3 years ago
The dimensions of a figure are doubled, how many times larger will the volume be? Only enter numerical answers
Doss [256]

Answer:if you double all of the dimensions of a rectangular prism, you create a similar prism with a scale factor of 2. The surface area of the similar prism will increase as the square of the scale factor (22 = 4) and the volume will increase as the cube of the scale factor (23 = 8).

Step-by-step explanation:

3 0
3 years ago
Does anyone know how to find the side length of this square.if so then, i will mark brainlist.
kvv77 [185]
Hello!

To find the side length you use the equation

a =  \sqrt{2}  \frac{d}{2}

a is side length
d is diagonal

Put in the number we know

a =  \sqrt{2} *  \frac{27}{2}

Divide

a =  \sqrt{2} * 13.5

Multiply

a = 19.091

The answer is 19.09

Hope this helps!
8 0
3 years ago
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