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

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 the correct answer. What is a useful question to consider before reading a text for the central ideas? OA. How would you summarize the important events i

Tom has 12 candies and eats 2 each minute. sue has 6 candies and eats 1 every minute. after how many minutes will they have the same number of candies?

the number of keys on the keyring minus 2

A bedroom measures 9 feet long and 11 feet wide. A scale drawing is made using a scale factor of 112. What is the length of the bedroom in the scale drawing? Dr

true or false aqidah is the first priority in Islam Rasulullah preached aqidah in makkah for thirteen years the first obligation of a Muslim is knowledge of fi

i been asking for help since yesterday Use the graph above to complete problems 1 - 5. Mary is planning a costume party. She spent $375.00 as shown on the graph

What do echolocation and ultrasounds have in common?

“How does revenue affect profit. How do expenses affect profit

Robert asks thomas if he heard a knock at the door, and thomas says that he did not. robert, swearing he heard a knock, goes to the door and opens it, but there

On a six-question multiple-choice test there are five possible answers for each question, of which one is correct (C) and four are incorrect (I). If a student g