anniebear
30.10.2020 •
Mathematics
A person places $26300 in an investment account earning an annual rate of 3.8%, compounded continuously. Using the formula V=PertV=Pe rt, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 19 years.
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Ответ:
$19.55
Step-by-step explanation:
Discount = 15% of 21.50
= 0.15 * 21.50
= 3.225
= $ 3.23
Balance need pay = 21.50 - 3.23 = $ 18.27
Tax = 7% of 18.27
= 0.07 * 18.27
= $1.28
Balance with tax = 18.27 + 1.28 = $ 19.55