You deposit $2200 in the account that pays 3% annual interest compounded continuously after 20 years you withdraw the money what formula do you use

6600

Step-by-step explanation:

To find the original price, first we need to answer, \$\greenD{1.54}$1.54dollar sign, start color #1fab54, 1, point, 54, end color #1fab54 is \blueD{5.5}\%5.5%start color #11accd, 5, point, 5, end color #11accd, percent of what number?

Hint #22 / 5

Percent means per hundred, so \blueD{5.5}\%5.5%start color #11accd, 5, point, 5, end color #11accd, percent is equivalent to \blueD{\dfrac{5.5}{100}}

100

5.5

start color #11accd, start fraction, 5, point, 5, divided by, 100, end fraction, end color #11accd which is also equal to \blueD{5.5\div 100}5.5÷100start color #11accd, 5, point, 5, divided by, 100, end color #11accd.

\blueD{5.5 \div 100 = 0.055}5.5÷100=0.055start color #11accd, 5, point, 5, divided by, 100, equals, 0, point, 055, end color #11accd

Hint #33 / 5

To find the original price, we need to know \blueD{0.055}0.055start color #11accd, 0, point, 055, end color #11accd times what number equals \greenD{1.54}1.54start color #1fab54, 1, point, 54, end color #1fab54.

\blueD{0.055} \maroonD{x} = \greenD{\$1.54}0.055x=$1.54start color #11accd, 0, point, 055, end color #11accd, start color #ca337c, x, end color #ca337c, equals, start color #1fab54, dollar sign, 1, point, 54, end color #1fab54

Hint #44 / 5

\begin{aligned} \blueD{0.055} \maroonD{x} &= \greenD{\$1.54} \dfrac{\blueD{0.055} \maroonD{x}}{\blueD{0.055}} &= \dfrac{\greenD{\$1.54}}{\blueD{0.055}} \maroonD{x} &= \maroonD{28} \end{aligned}

0.055x

0.055

0.055x

x

=$1.54

=

0.055

$1.54

=6600

i think this could be a possible answer (1 / 84) -1

good luck! : d

addition

step-by-step explanation: