Mathematics: What is 36.5625 as a fraction

What is 36.5625 as a fraction - id3656253903117, adkinsryan72

jscout2468

12.09.2022

The correct option will be: $30,248.35

Step-by-step explanation:

Continuous compound interest formula: A= P*e^r^t , where Initial amount, Final amount, rate of interest in decimal form and time duration.

Here, $P= $8000, r= 19\%= 0.19$ and t= 7

So, plugging these values into the above formula....

$A= 8000* e^(^0^.^1^9^)^(^7^)\\ \\ A= 8000*e^1^.^3^3\\ \\ A= 30248.3471...\approx 30248.35$

So, the amount due at the end of 7 years will be $30,248.35

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