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elijahchloesunshine
29.07.2019 •
Mathematics
You invest $1,200 in an account that pays an interest rate of 7.25%, compounded continuously. calculate the balance of your account after 7 years. round your answer to the nearest hundredth.
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Ответ:
Explanation:
To calculate interest rate, you must multiply the decimal version of the percentage by the original number. 7.25% as a decimal is equivalent to 0.0725, so multiplying that by 1,200 = 87. Now we must multiply that by 7 to find the amount after 7 years. The product is 609, or $609. Now we add that amount to the original number (1,200). The sum is 1809, $1,809. Therefore, your total balance after 7 years is $1,809.
Hope I helped and good luck!
Ответ:
Let watermelons = w
Let cantaloupes = c
As given, a pound of cantaloupe = $2.99, while a pound of watermelon = $1.99
The expression will look like:
2.99c + 1.99w
The equation will look like:
Let t = total
t = 2.99c + 1.99w
hope this helps