meredith48034 meredith48034

06-02-2020
Mathematics

contestada

Write a formula that describes the value of an initial investment of $1,200, growing an interest rate of 4% compounded continuously.

Write a formula that describes the value of an initial investment of 1200 growing an interest rate of 4 compounded continuously class=

Respuesta :

musiclover10045 musiclover10045

07-02-2020

Continuous compound is e^rate x time

The formula would be D. 1200e^0.04t

Answer Link

Adematae Adematae

07-02-2020

Answer: OPTION D A = 1200.e(0.04)(t)

Step-by-step explanation:

If the interest is compounded continuously for t years at a rate of r per year, then the compounded amount is given by:

A = P. e rt

P =$1200, r = 4% , t = t years

A = 1200.e(0.04)(t)

Answer Link

Otras preguntas

Some students were asked how many pens they were carrying in their backpacks. The data is given in this frequency table. What is the mean number of pens carr

About _________ percent of U.S. households have one or more credit cards. A. 93 B. 78 C. 13 D. 5

it takes 2/3 of a day to complete 1/9 of an order of purse. at this rate how long will it take to complete the order

With his assembly lines, Henry Ford improved what process?

which of the following best describes genomics? A. a mechanism used in DNA fingerprinting B. a sequence of mutant genes C. the study of cellular protein structu

Simplify the expression by using a double angle formula 1-2sin^2 2pi/9

What is the sum of the first n terms of this sequence 3,4,5,6,7.///

What did Wilson hope to accomplish with the League of Nations?

wish is 7(x-4) in simplest form?

Write the equation of the line that passes through (1, 3) and has a slope of 2 in point-slope form. A) y – 1 = 2(x – 3) B) y – 3 = 2(x – 1) C) x – 1 = 2(y – 3)