darrickcougars7 darrickcougars7
  • 08-05-2021
  • Mathematics
contestada

puts $700.00 into an account to use for school expenses. The account earns 4% interest,
compounded continuously. How much will be in the account after 7 years?

Respuesta :

mhanifa
mhanifa mhanifa
  • 08-05-2021

Answer:

  • $926.19

Step-by-step explanation:

Use formula:

  • A = Pe^(rt)

Given

  • P = $700
  • r = 4% = 0.04
  • t = 7 years

Find the amount:

  • A = 700*e^(0.04*7) = 926.19
Answer Link
lak521
lak521 lak521
  • 08-05-2021

Answer:

$926.19 is the answer.

Step-by-step explanation:

good luck

Answer Link

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