arianabarber
12.03.2021 •
Mathematics
Cooper opened a savings account and deposited $700.00 as principal. The account earns
10% interest, compounded continuously. What is the balance after 10 years?
Use the formula A = Per, where A is the balance (final amount), P is the principal (starting
amount), e is the base of natural logarithms (2.71828), r is the interest rate expressed as a
decimal, and t is the time in years.
Round your answer to the nearest cent.
No
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Ответ:
12th term = 2.441
Step-by-step explanation:
1. 10,000/2 = 5,000
2. 5,000/2 = 2,500
3. 2,500/2 = 1,250
4. 1,250/2 = 625
5. 625/2 = 312.5
6. 312.5/2 = 156.25
7. 156.25/2 = 78.125
8. 78.125/2 = 39.0625 = 39. 063
9. 39.0625/2 = 19.53125 = 19.531
10. 19.53125/2 = 9.765625 = 9.766
11. 9.765625/2 = 4.8828125 = 4.883
12. 4.8828125/2 = 2.44140625 = 2.441