anthonysutton82
13.04.2020 •
Mathematics
Use The Drawing Below to Answer the Following Questions.
Note: Drawing is NOT to Scale.
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Ответ:
$3,200.57
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
A = total
P = principal amount
r = interest rate (decimal)
t = time (years)
First change 15% to its decimal form:
15% ->
-> 0.15
Next, plug in the values into the equation:
The investment will be worth $3,200.57 in 7 years.