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Aliun [14]
2 years ago
5

How much should you invest in an account that pays 6% annual interest compounded continuously if you want exactly $8000 after fo

ur years?
Mathematics
1 answer:
Iteru [2.4K]2 years ago
3 0

Answer:

$6239

Step-by-step explanation:

A(t) = P•e^rt

Substitute with 6% 0.06, t with 4 and A(t) with 8,000 to find the value of P.

8, 000 = P•e^0.06•4

8, 000 = P•e^0.24

8, 000 = P•1.27

P = 6, 293

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Answer:

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Step-by-step explanation:

If two lines are perpendicular to each other, they have opposite slopes.

The first line is y = -2x + 8. Its slope is -2. A line perpendicular to this one will  have a slope of 1/2.

Plug this value (1/2) into your standard point-slope equation of y = mx + b.

y = 1/2x + b

To find b, we want to plug in a value that we know is on this line: in this case, it is (4, -2). Plug in the x and y values into the x and y of the standard equation.

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Hope this helps!

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