Mathematics, 12.05.2021 17:50 charleetrill8304
The equation used to determine the amount A in an account after t years of continuous compounding is A = Pe^rt, where P represents the principal
(or original) amount in the account and rrepresents the annual interest rate as a decimal. Six years ago, Dimitri invested $5,000 in an account in which
the interest is compounded continuously at an annual interest rate of 5.2%
a) Determine the current amount of money in the account.
b) How many years will it take Dimitri’s account to reach $7,500 (Round your answer to the nearest thousandth)
Answers: 1
Another question on Mathematics
Mathematics, 22.06.2019 00:00
Given the diagram below, michael writes, "segment ac is congruent to segment ac." which of the following reasons allow him to write this statement?
Answers: 1
Mathematics, 22.06.2019 04:20
Grace is a 70-year old woman who paid the utility bill online for the first time. she called her bank's customer service center to make sure she had done the transaction successfully. but the voice recording repeatedly played a message that all representatives were busy, which irked grace. which factor would make grace not recommend the bank to others? a. absence of technology b. lack of accessibility c. lack of financial products d. poor reputation
Answers: 1
Mathematics, 22.06.2019 06:30
The functions f(x) and g(x) are described using the following equation and table: f(x) = -3(1.02)*
Answers: 1
You know the right answer?
The equation used to determine the amount A in an account after t years of continuous compounding is...
Questions
Mathematics, 10.02.2021 21:40
Mathematics, 10.02.2021 21:40
History, 10.02.2021 21:40
Mathematics, 10.02.2021 21:40
History, 10.02.2021 21:40
History, 10.02.2021 21:40
Mathematics, 10.02.2021 21:40
Arts, 10.02.2021 21:40
Computers and Technology, 10.02.2021 21:40
Arts, 10.02.2021 21:40
Biology, 10.02.2021 21:40
Mathematics, 10.02.2021 21:40
Mathematics, 10.02.2021 21:40
