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

Select all of the coefficients in the expression. 12xy^3 + 2x^5y + 4x^5y^2 + 7x^5y. A. 2 B. 3 C. 4 D. 5 E. 7 F. 12
I REALLY NEED HELP PLEASE 30 POINTS AND BRIANLIESTThe table shows the amount of profit a theme park makes in a day based on the number of visitors they have.Whi
Helppppp meeee pleaseeee it’s urgent!!
Is there any shortcut to improve English reading and writing?
Why didn’t George Washington like the idea of political parties?
What role did Adelina Otero-Warren play in women's suffrage? a. She tried to reach more Hispanic women. b. She became head of the state advisory group. c. She b
Prinicipal Ramirez wants each of the 588 students at her school to solve 40 math problems for homework tonight. If every student solves the 40 math problems, wh
Read each sentence carefully, then identify the type of clause underlined. What most skateboarders love is an isolated road with a steep incline. -------------
Please answer for the 8th question
Why was protecting economic freedom important to the founders