Mathematics: Stan borrows $5,500 at a rate of 12% interest per year. What is the amount due at the end of 5 years if the interest is compounded continuously? In your final answer, include your calculations.

Stan borrows $5,500 at a rate of 12% interest per

Ответ:

ptrlvn01

08.02.2022

If you don't have compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year plan.

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Ответ:

lakaralake11

05.04.2023

Mathematics

The simplified form of the provided expression is: -4.4c+1.1

Step-by-step explanation:

Consider the provided expression.

-5.8c+4.2-3.1+1.4c

Like terms are the terms which have the same variable.

Put the like terms together as shown:

-5.8c+1.4c+4.2-3.1

Add the like terms as shown:

c(-5.8+1.4)+4.2-3.1

c(-4.4)+1.1

-4.4c+1.1

Hence, the simplified form of the provided expression is: -4.4c+1.1

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Stan borrows $5,500 at a rate of 12% interest per year. What is the amount due at the end of 5 years if the interest is compounded continuously? In your final answer, include your calculations.

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