poundcopy poundcopy

06-10-2017
Mathematics

contestada

You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nearest whole number.

Respuesta :

JasmineHOOD JasmineHOOD

06-10-2017

$1100 x 1.021^7 = $1272 (whole number.)

the $1100 is the original amount of money put in the bank with the 1.021 being the interest rate. this was put to the power of 7 to represent the years the money will be in the account.

Answer Link

Otras preguntas

What does “vital losses” mean in the following context: “Since the metabolic rate is fastest in the morning and slows throughout the day, it is more likely that

the “umbrella statement” for all parts of an argument in a speech is called the..

True or false ? Any change in an objects motion is called velocity

The major political party in Russia was the

Why were ornate materials used in religious iconography (In Gothic and Renaissance Artwork)? How did this practice translate into the featherworks created by th

1. Why does CH30 evaporate faster than water?

HELP ITS URGENT !! ( photo included)

Three pedestrian behaviors that could lead to collisions with vehicles?

Find the value of x in the triangle shown below

Find an example of a 2 dimensional object in your house that is rectangular or triangular. a. Describe your object. b. Calculate the perimeter of your object.