alliemason04 alliemason04
  • 01-01-2021
  • Mathematics
contestada

What will be the balance in an
account that was initially $400
and has been drawing 5.5%
interest compounded
continuously for 8 years?

Respuesta :

KeurigKSelect
KeurigKSelect KeurigKSelect
  • 01-01-2021

Answer:

613.87 dollars

Step-by-step explanation:

Times 400 by 1.055 and you'll get 422 dollars. Keep doing this with the product (Result of you multiplying the previous answer by 1.055) eight times and you'll get 613.87 dollars

Ver imagen KeurigKSelect
Answer Link
Аноним Аноним
  • 07-04-2022

Answer:

A = $400e^(0.055·8) ≈ $621.08

Step-by-step explanation:

hope this helps

Answer Link

Otras preguntas

What is bacteria bigwig
When Jefferson came to office, what steps did he take to lower the national debt?
Which of the following choices is not a viewing option? a. File Type. b. File Size. c. File Time. d. File Pages.
Which of the following best describes the Huguenots? A. Acadian B. 29 Protestant C. 1 Anglican D. 30 Catholic
3 (x+12) I'm not sure how to do this
if i drive 439.92 miles on 15.6 gallons of gas, how many miles could i drive on 39.7 gallons of gas?
Nilai 9 log 27 + 3 log 9 + 2log 8
12. The square and rectangle shown below have the same perimeter length Show that the length of the rectangle (3x + 1) centimetres
Many people infected with tapeworms may be unaware of the infection due to a lack of symptoms. a. True b. False
question 41. answers : a.) 27 1/2 b.) 3 1/4 c.) 15/19 d.) 2/55