campbellnathan461 campbellnathan461
  • 22-05-2021
  • Mathematics
contestada

Suppose you invest $2000 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 10 years

Respuesta :

aeda
aeda aeda
  • 22-05-2021

Answer:

$3,640

Step-by-step explanation:

8.2% as a decimal is 0.082. multiply 2000 by 0.082, and you get your interest rate/the interest you pay each year, which would be 162. multiply 162 by ten to get your interest for all ten years, since 162 was simply the rate, and you get 1,640. add the original 2000 onto that, and you get 3,640.

Answer Link

Otras preguntas

Preachers of the Great Awakening in 18th century America would have been most likely to give a sermon focusing on
Which of the numbers 2, 3, 4, 6 and 9 are factors of 1881?
A signature-based countermeasure to malware?
An ice-cream shop uses 4 pints of ice cream to make 6 sundaes. How many pints of ice cream is used for each sundae?
X squared minus 25 equals 0
Effective teamwork and high productivity are good indications of positive A. productivity goals. B. horizontal relationships. C. reinforcement. D. socializ
Which of the following are considered macromolecules? select all that apply. a. nitrogen b. lipids c. proteins d. caron
A pencil bag contains 24 red pencils, 15 blue pencils, and 8 green pencils. Without looking, Carrie selects a pencil, gives it to her friend, and then selects a
In which of the following sentences is the word down used as an adverb? A. Ricky rolled down the car window to place his order at the coffee shop. B.
East and West Germans were united in: a. 1990 b. 1991 c. 1992 d. 1993