14.07.2020

Jen invested $3500 into a continuously compounded account with an interest rate of 3.1%. After 9 years, how much money is in the account? Round your answer to the nearest whole number

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Step-by-step answer

09.07.2023, solved by verified expert
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≈$4607

Step-by-step explanation:

I will assume it's compounded yearly.

Apply the compound interest formula.

Jen invested 00 into a continuously compounded, №18010563, 14.07.2020 18:36

A = Total

P = Initial Principle

r = Interest Rate

n = number of interest in every t period

t = number of periods

In the case,

P = 3500

r = 3.1% = 0.031

n = 1

t = 9

Hence,

Jen invested 00 into a continuously compounded, №18010563, 14.07.2020 18:36

Jen invested 00 into a continuously compounded, №18010563, 14.07.2020 18:36

A ≈ 4607 (nearest whole number)

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Mathematics
Step-by-step answer
P Answered by Specialist

≈$4607

Step-by-step explanation:

I will assume it's compounded yearly.

Apply the compound interest formula.

A=P(1+\frac{r}{n})^{nt}

A = Total

P = Initial Principle

r = Interest Rate

n = number of interest in every t period

t = number of periods

In the case,

P = 3500

r = 3.1% = 0.031

n = 1

t = 9

Hence,

A=3500(1+\frac{0.031}{1})^{1*9}

A = 4606.764717......

A ≈ 4607 (nearest whole number)

Mathematics
Step-by-step answer
P Answered by PhD

Cost of 7 gallons=$24.50

Cost of 1 gallon=24.50/7=3.5

Cost of 15 gallons=15*3.5=52.5

Cost of 15 gallons will be $52.5

Mathematics
Step-by-step answer
P Answered by PhD

For 1 flavor there are 9 topping

Therefore, for 5 different flavors there will be 5*9 choices

No of choices= 5*9

=45 

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Step-by-step answer
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The answer is in the image 

The answer is in the image 
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The solution is in the following image

The solution is in the following 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

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

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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.

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