You invest $2800 in an account that pays an interest of 5.5%, compounded continuously. calculate the balance of your account after 12 years. round answer to the nearest hundredth. last question and i need it correct plsss

The balance in the account after 12 years is $5417.42

Step-by-step explanation:

* Lets talk about the compound continuous interest

- Compound continuous interest can be calculated using the formula:

 A = P e^rt

•A = the future value of the investment, including interest

•P = the principal investment amount (the initial amount)

•r = the interest rate

•t = the time the money is invested for

- The formula gives you the future value of an investment,

  which is compound continuous interest plus the

  principal.

- If you want to calculate the compound interest only, you need

 to deduct the principal from the result.

- So, your formula is:

 Compounded interest only = Pe^(rt)  - P

* Now lets solve the problem

∵ P = $ 2800

∵ r = 5.5/100 = 0.055

∵ t = 12

∴ A = 2800 e^(0.055 × 12) = $5417.42

* The balance in the account after 12 years is $5417.42

step-by-step explanation:

no of data

divide by no of mode

correct choice is b

step-by-step explanation:

when you calculate the average rate of change of a function, you are finding the slope of the secant line between the two points. for the function the average rate of change from point to point can be calculated as

to find the average rate of change from day 2 to day 10, note that at day 2, 8 houses were sold, so a(2,8) and at day 10, 2 houses were sold, so b(10,2). thus,