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

The variables Y and X have a proportional relationship, and y=12 when x=5. What is value of y when x =8? Enter your answer in the box. y=_____

What is the equation of the line with an x-intercept of 4 and an y-intercept of -2

a chemist has one solution that is 60% acid into second does 40% acid how many gallons of each should be mixed together to get 200 gallons of a solution that is

please help on this one ?

Why was a course of liberal studies considered the core of humanistic schools

What is an expressions that are equivalent to 7(3c).

what is the main source of energy for all of the organisms in most food chains？sunlight or water？

A shipment containing 5 recorders and 4 harmonicas cost $62. A second shipment containing 10 recorders and 3 harmonicas cost $84. what is the cost of a record

What are concurrent powers?

helppppppppppppppppppppppppp