27.01.2020

A person places $85800 in an investment account earning an annual rate of 8.5%, compounded continuously. Using the formula V = Pert, where V is the value of the

account int 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 9 years.

. 0

Step-by-step answer

24.06.2023, solved by verified expert
Unlock the full answer

$184383.7

Step-by-step explanation:

We are given that

Principal, P=$85800

Rate of interest, r=8.5%=0.085

Time, t=9 years

We have to find the amount of money after 9 years

A person places 800 in an investment account, №17886664, 27.01.2020 20:42

Using the formula

A person places 800 in an investment account, №17886664, 27.01.2020 20:42

A person places 800 in an investment account, №17886664, 27.01.2020 20:42

Hence, the amount of money after 9 years=$184383.7

It is was helpful?

Faq

Mathematics
Step-by-step answer
P Answered by PhD

$184383.7

Step-by-step explanation:

We are given that

Principal, P=$85800

Rate of interest, r=8.5%=0.085

Time, t=9 years

We have to find the amount of money after 9 years

V=Pe^{rt}

Using the formula

V=85800e^{0.085\times 9}

V=184383.7

Hence, the amount of money after 9 years=$184383.7

Mathematics
Step-by-step answer
P Answered by PhD

y=2x+15

where y=Value of coin

x=Age in years

Value of coin after 19 years=2*19+15

=$53

Therefore, Value after 19 years=$53

Mathematics
Step-by-step answer
P Answered by PhD
The answer is in the image 

The answer is in the image 

Mathematics
Step-by-step answer
P Answered by PhD

F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

Mathematics
Step-by-step answer
P Answered by PhD

F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

Approximately it is aqual to 1300kg

Mathematics
Step-by-step answer
P Answered by PhD

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

Mathematics
Step-by-step answer
P Answered by PhD

Speed=Distance/time

Here,

distance=15m

time=1sec

speed=15/1=15m/sec

Distance=Speed*time

time=15min=15*60sec=900sec

Distance travelled in 15 min=15*900=13,500m

=13500/1000 km=13.5Km

Mathematics
Step-by-step answer
P Answered by PhD

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

Mathematics
Step-by-step answer
P Answered by PhD

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

Mathematics
Step-by-step answer
P Answered by PhD

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

Try asking the Studen AI a question.

It will provide an instant answer!

FREE