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

Can someone give me a brief explanation on how to get this answer and also tell me the answer?
The farmer harvested 5000 bushels of barley from 40 acres. The crop produced an average of how many bushels of barley for each acre?
Identify the type of sentences is Before I'm finished, I'll know all of your names.
what is a good personification sentence for a dying rose
In the United States, the concept of political parties began during the administration of A) Andrew Jackson B) Franklin D. Roosevelt C) George Washington D) Ab
Is a honey bees an herbivores?
Which literary device does the stanza use to compare the speaker's feelings about the new country to the two swimmers? symbolism metaphor extended metaphor simi
how to do improper fractions with 3.8 repeating
What do geneticists call alleles are both expressed in the phenotype when they are together
11. What was the goal of the campaign known as Freedom Summer? A. To fight segregation in schools B. To push for greater First Amendment freedoms C. To push f