12375819

24.05.2020 • 

Mathematics

Situation:
You invest $4,100 in an account that
pays an interest rate of 7.25%,
compounded continuously.
Calculate the balance of your account after 8
years. Round your answer to the nearest
hundredth.
Enter the correct answer.
DONE
F?
A = Pert
P= amount of money invested
r= interest rate percentage in decimal form
t=time in years
A= total money in the account at time

Ответ:

alwaysneedhelp84

29.11.2021

Mathematics

---

Miguel will pay Rs 11,875.

Step-by-step explanation:

P = 5,000

R = 9.5%

T = 90 days

now changing time into years

360 days = 1 year

90 days = 1/360 * 90 = 1/4 years = 0.25 years

now

I = PTR/100

= (5,000*9.5*0.25)/100

 = 11,875

---

0,0(0 оценок)