A person places $7420 in an investment account earning an annual rate of 5.9%, compounded continuously. Using the formula V = Pe^{rt}V=Pe rt , where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 20 years.

Answers

Answer 1

Answer:

$24147.50

Step-by-step explanation:

Step one:

given

principal=$7420

rate = 5.9%= 0.059

time = 20years

Step two:

Required

Final amount V

using the relation

[tex]V = Pe^{rt}[/tex]

Substituting we have

[tex]V = 7420e^{0.059*20}\\\\V=7420e^{1.18}\\\\V=7420*3.2543\\\\V=24147.456[/tex]

To the nearest cent

= $24147.50

The amount of money in the account after 20 years is $24147.50


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William has $25 to spend at the grocery store. He used $8 for meat. He
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Answers

Answer:

64

Step-by-step explanation: because he can at least steal 64 packs before   the                 cops get him

Answer:

4

or

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Step-by-step explanation:

First we have $25, since he spent $8, we can now claim he has $17, Divide 17 into 3.45, He can buy 4 packs.

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Answer:

17

Step-by-step explanation:

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Don't worry about it being negative

Think about the negative positive triangle, it looks like that

-  -

+

Could I please get some help on this?
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34 inches have the same length of 0.0008636 kilometers.

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Answer:

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Step-by-step explanation:

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To raise money for homecoming the student council sold a total of 240 tickets to a basketball game the number of adult tickets sold was 2 times the number of student tickets based on this information would it be reasonable for the student council to have sold 160 student tickets and 80 adult tickets

Answers

Answer:

no

Step-by-step explanation:

because the number of student tickets 160 is higher than the number of adult tickets 80 and the information tells us that the adult tickets were twice the amount of student tickets sold. If the numbers were swapped to be adult=160 and student=80 then it would be correct.

sorry for the long explanation especially if you find it confusing

The cost of producing a smartphone is $42.73 per phone. Additionally, the smartphone company pays a flat rate of $175 to ship each store's order. Write an equation to model the costs for the smartphone company (y) to produce x number of smartphones and ship them to one store

Answers

Answer:

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Step-by-step explanation:

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Answer:

y=42.73x+175

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Answer:

6 x 5 = 30 + 3 = 33

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

<

Step-by-step explanation:

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Answers

Step-by-step explanation:false

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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Mrs. Grupa, the math teacher, has 12 logic puzzles and 18 visual puzzles that she wants
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Answers

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Answers

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86 - [(4 - 9) to the 2nd power x 3]

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Answers

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Answers

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