brownvester44
06.02.2021 •
Mathematics
Addison invested $440 in an account paying an interest rate of 2%
compounded continuously. Assuming no deposits or withdrawals are
made, how long would it take, to the nearest tenth of a year, for the
value of the account to reach $610?
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Ответ:
16.3
Step-by-step explanation:
Continuously compounding interest formula:
pe^(r*t)
we know that
440e^(.02x)=610
Sovle for x
e^.02x=1.38
.02x=ln1.38
.02x=.3267
x=16.3
Ответ:
1. 26-12=14
2. 19-12=7
3. 17.50 divided by 7=2.5
Step-by-step explanation: