Mathematics: Calculate continuous growth and decay question you deposit $1,500 into a bank that pays 4% continuous interest. what is the account balance after 2 years? round your answer to the nearest cent

Calculate continuous growth and decay question you

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nikkiwoodward1ovgszp

02.01.2022

$\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$1500\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &2 \end{cases} \\\\\\ A=1500e^{0.04\cdot 2}\implies A=1500e^{0.08}\implies A\approx 1624.93$

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giraffesaur44

06.04.2022

Mathematics

involving rational functions, square roots, and more complicated forms. In this article completing the square—it even explains the origin ... In the world of geometrical algebra, simple quan- tities, whether ... way that quadratic problems are set up. For exam- ple, if we want to solve the equation x2 + 5x – 36 = 0 geometrically

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Calculate continuous growth and decay
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you deposit $1,500 into a bank that pays 4% continuous interest. what is the account balance after 2 years?
round your answer to the nearest cent

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