riddhi1
09.02.2021 •
Mathematics
A person places $85800 in an investment account earning an annual rate of 8.5%,
compounded continuously. Using the formula V = Pert, where V is the value of the
account int 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 9 years.
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Ответ:
$184383.7
Step-by-step explanation:
We are given that
Principal, P=$85800
Rate of interest, r=8.5%=0.085
Time, t=9 years
We have to find the amount of money after 9 years
Using the formula
Hence, the amount of money after 9 years=$184383.7
Ответ:
tysm
Step-by-step explanation: