kikihaigler kikihaigler

01-05-2017
Mathematics

contestada

you invest $4,200 in an account that pays an interest rate of 6.5%, compounded continuously

calculate the balance of your account after 10 years. round your answer to the nearest hundredth

Respuesta :

aliyahmcintosh7 aliyahmcintosh7

01-05-2017

A=4200*e^.65
A=$8045.27
This is almost doubling, and the rule of 72 would predict doubling in 11 years, so the answer makes sense.

Answer Link

Otras preguntas

Explain how you know that 7/12 is greater than 1/3 but less than 2/3?

How to find greatest common factor 45 and 81

The main goal of the Jesuits was to?

Use the form y=mx +b for linear equations.Write the equation for the following relation.C = {(x, y): (6, 15), (8, 21), (10, 27), . . .}

Use the form y=mx +b for linear equations.Write the equation for the following relation.C = {(x, y): (6, 15), (8, 21), (10, 27), . . .}

8x+15=3x-20 how do you do this

116% as a fraction or mixed number

116% as a fraction or mixed number

How did geographic features influence the Louisiana purchase and the monroe doctrine?

A metal box, attached to a small parachute, is dropped from a helicopter. explain in terms of the forces acting; why:(i) its velocity increased immediately afte