1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
spin [16.1K]
2 years ago
7

You deposit $500 into an account that pays 4.25% annual interest compounded continuously. What is the balance after 10 years?

Mathematics
1 answer:
scZoUnD [109]2 years ago
6 0

~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$500\\ r=rate\to 4.25\%\to \frac{4.25}{100}\dotfill &0.0425\\ t=years\dotfill &10 \end{cases} \\\\\\ A=500e^{0.0425\cdot 10}\implies A=500e^{0.425}\implies A\approx 764.80

You might be interested in
Can someone tell me the answer for 7.05 x 9.4
scoundrel [369]
66.27 is the answer
3 0
3 years ago
Read 2 more answers
Please help me answer this.
Mariulka [41]

Answer:

(a) 3

Step-by-step explanation:

Calculate the slope m of the line given using the gradient formula

m = ( y₂ - y₁ ) / ( x₂ - x₁ )

with (x₁, y₁ ) = (0,3) and (x₂, y₂ ) = (3, 2)

m = \frac{2-3}{3-0} = - \frac{1}{3}

given a line with slope m then the slope of a line perpendicular to it is

m_{perpendicular} = - \frac{1}{m} = - \frac{1}{-\frac{1}{3} } = 3 → (a)


5 0
3 years ago
12. Write the slope-intercept form of the equation of the line.
wlad13 [49]

Answer:

The answer is the first choice.

Step-by-step explanation:

We can eliminate choices 2 and 4 because the y-intercept is wrong. The line passes through the y-axis at 3, so you would add 3 after the slope. Now we have choices 1 and 3. Choice 1 is y=-4/5x+3 and choice 3 is y=4/5x+3. When we do rise over run, we can use the points (0,3) and (5,-1). We get -4/5. Therefore, the answer is choice 1.

I hope this helps and please mark me as brainliest!

8 0
3 years ago
Read 2 more answers
Which equation represents the total interest, T, earned when the principal amount is $100, the annual simple
netineya [11]

Answer:

The answer is option (C), T = 100 • 0.1 • 10

Step-by-step explanation:

Total interest (T) earned after a 10 years can be expressed as;

Total interest (T)=Principal amount×interest rate×Number of years

where;

Total interest=T

Principal amount=$100

Interest rate=10%=10/100=0.1

Replacing;

T=100×0.1×10

The equation for calculating the total interest amount after 10 years can be written as;

T = 100 • 0.1 • 10

7 0
3 years ago
Read 2 more answers
NO WRONG ANSWERS Two customers took out car loans from a bank. Marcus took out a 5-year loan for $10,000 and paid 4.7% annual si
Gennadij [26K]

Answer:

2164 dollars

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • The food service manager conducted a random survey of students to determine their preference for new lunch menu items. Which of
    11·1 answer
  • Cherri said that 0.9 /3= 0.3 is she correct? explain why or why not
    10·2 answers
  • A bag of marbles contains 5 red, 3 blue, 2 green, and 2 yellow marbles. What is the probability that you choose a red marble and
    6·2 answers
  • Item 20 You are riding a roller coaster when a shoe falls off your foot. The function y=200−16t2 represents the height y (in fee
    14·2 answers
  • 74 divided by 6512<br> A: 74 x 93<br> B: 74 x 89<br> C: 74 x 87<br> D: 74 x 88
    14·2 answers
  • Choose all the numbers that 116 is divisible by.<br><br> 2<br> 3<br> 4<br> 5<br> 6<br> 9<br> 10
    8·2 answers
  • HELP ME PLEASE!!!!!!
    15·1 answer
  • Create three functions one linear function one quadratic function, and one cubic function that all have a solution at (-5,32)
    10·1 answer
  • For this exponential function,
    10·1 answer
  • PLEASE HELP?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!