Situation:
You invest $100 in an account that pays
an interest rate of 6.5%, compounded
continuously.
Calculate the balance of your account after 6
years. Round your answer to the nearest
hundredth.

Answers

Answer 1

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$100\\ r=rate\to 6.5\%\to \frac{6.5}{100}\dotfill &0.065\\ t=years\dotfill &6 \end{cases} \\\\\\ A=100e^{0.065\cdot 6}\implies A=100e^{0.39}\implies A\approx 147.70[/tex]

Answer 2

The balance of your account after 6 years with continuous compounding would be approximately $147.56.

To calculate the balance of your account after 6 years with continuous compounding, you can use the formula:

[tex]\[ A = P \times e^{rt} \][/tex]

where:

[tex]\( A \) =[/tex] the balance after [tex]\( t \)[/tex] years

[tex]\( P \) =[/tex]the principal amount (initial investment) = $100

[tex]\( r \) =[/tex] the annual interest rate (in decimal form) = 6.5% = 0.065

[tex]\( t \) =[/tex] the number of years = 6

[tex]\( e \) =[/tex] Euler's number (approximately 2.71828)

Let's plug in the values and calculate the balance:

[tex]\[ A = 100 \times e^{0.065 \times 6} \]\[ A = 100 \times e^{0.39} \]\[ A = 100 \times 1.47560080488 \]\[ A = 147.560080488 \][/tex]

Rounding the answer to the nearest hundredth:

[tex]\[ A \approx $147.56 \][/tex]

So, the balance of your account after 6 years with continuous compounding would be approximately $147.56.

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Related Questions

cedric's fish tank is 2yd long by 21in wide by 3ft tall. What is the volume of Cedric's take in cubic in?

Answers

Answer:

129 cubic inches

Step-by-step explanation:

lxwxh L=Length W=Width H= Height

Length times width times height gives you the volume

1. convert all numbers to inches

2. Multiply them together(order does not matter)

Can someone help me with this

Answers

Answer:

95% = Within two standard deviations from the mean

99.7% = Within three standard deviations from the mean

68% = Within one standard deviation from the mean

Step-by-step explanation:

I hope this helped! If it did, please click "Thanks" to help me out!

Gravity is one of the four fundemental forces in the universe. Electromagnetism is another one. The Other two are the strong force and the weak force that happen at the subotamic level. Find some information on what role these two forces play inside each atom and why one is considered strong and the other weak

Answers

Answer:

gravity is the force that helps u stay on the earth

Can someone help me with this question?

Answers

Answer:  CD segment

Step-by-step explanation:  

NEED HELP URGENTLY!!!!!
In two or more complete sentences, explain how to use ordered pairs of points in f(x) = 3x - 5 and g(z) = ²5 to
determine iff (z) andg(z) are Inverses of each other.

Answers

The functions are inverses if the reverse of every ordered pair on the f(x) list is on the g(x) list.

What is a function?

It is defined as a special type of relationship, and they have a predefined domain and range according to the function every value in the domain is related to exactly one value in the range.

We have:

f(x) = 3x - 5

Here, g(x) is not given clearly.

But we can identify the given function as an inverse of each other.

Let's suppose the ordered pairs are:

[x, f(x)] and [x, g(x)]

The functions are inverses if the reverse of every ordered pair on the f(x) list is on the g(x) list.

f(0) = -5 so for (0, -5) on the f(x) list then (-5,0) must be on the g(x) list

f(1) = -2 so for (1, -2) on the f(x) list then (-2, 1) must be on the g(x) list

f(2) = 1 so for (2, 1) on the f(x) list then (1, 2) must be on the g(x) list

Let's suppose:

g(x) = (x+5)/3

g(-5) = 0

g(-2) = 1

g(1) = 2

So the ordered pair (-5, 0), (-2, 1), and (1, 2) are in the list of g(x).

Thus, the functions are inverses if the reverse of every ordered pair on the f(x) list is on the g(x) list.

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Given x varies inversely as y and x = 6 when y = - 4, find y when x = 8 .

Answers

        - - - - - -  -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - -

[tex]\blue\textsf{\textbf{\underline{\underline{Question:-}}}}[/tex]

Given that x varies inversely with y, x=6 when y=-4, find y when x=8.

[tex]\blue\textsf{\textbf{\underline{\underline{Answer and How to Solve:-}}}}[/tex]

If x varies inversely with y, we divide.

So the formula looks as follows:-

[tex]\bold{x=\displaystyle\frac{k}{y} }[/tex]

where k = constant of proportionality

Plug in the values:-

[tex]\bold{6=\displaystyle\frac{k}{-4}}[/tex]

Multiply both sides by -4:-

[tex]\bold{-24=k}[/tex]

Now find y when x=8:-

[tex]\bold{8=\displaystyle\frac{-24}{y}}[/tex]

Multiply both sides by y:-

[tex]\bold{8y=-24}[/tex]

Divide by 8 on both sides:-

[tex]\dashrightarrow\bigstar{\boxed{\boxed{\underline{\bold{y=-3}}}}\dashleftarrow[/tex]

Good luck.

           - - - - - - - - - --  - --- - - - - - - - - -  -- - - - - - - - - - - - - - - - - - - - - - - -

Easy math pls help quick will give brainlest

Answers

Answer:

Problem 9: h(1/8) = 5/8

Problem 10: k = -5

Step-by-step explanation:

Problem 9:

[tex]h( \frac{1}{8} ) = 3( \frac{1}{8} ) + \frac{1}{4} = \frac{3}{8} + \frac{2}{8} = \frac{5}{8} [/tex]

Problem 10:

[tex] \frac{k - 3}{2} = - 4[/tex]

[tex]k - 3 = - 8[/tex]

[tex]k = - 5[/tex]

Anyone know what -8x-y=5 ; y=x+4 is using yhe subtraction method? Please explain to! would help greatly ​

Answers

Answer:

The answer would be x = -1 and y = 3

Step-by-step explanation:

Work is as shown:

1) -8x - y = 5

   y = x + 4

2) -8x - (x+4) = 5

3) -8x -x = 9

4) -9x/-9 = 9/-9

5) y = -1 + 4 = 3

If there are any questions or if i didn't answer the question reply with the question please.

Based on the work provided, write the dividend as a product of two factors

Answers

Answer:

x4+2x3+x2+5x+b=x-2x3+x+3

Step-by-step explanation:

What is the sum of 1/2plus 1/4use fractions strip to help

Answers

Answer:

Step-by-step e6/8 or in simple terms, 3/4

Step-by-step explanation:

Answer:

3/4

Step-by-step explanation:

1/2 is just 2/4

2/4+1/4 = 3/4

=)

Given the two similar flags shown,find the perimeter of the larger flag

Answers

The sum of the external side of a figure is its perimeter.  the perimeter of the larger flag is 48

Similar shapes

Shapes are known to be similar if the ratioof their similar sides is equal to a constant.

From the given diagram, find the scale factor of the large triangle

k = 12/4

k = 3

Determine the perimeter of the large flag

Perimeter = 3 * perimeter of small flag

Perimeter of large flag = 3 * 16 = 48

Hence the perimeter of the larger flag is 48

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Write down the next two terms in the sequence: 3, 15, 75 , ___, ___
answer pleass
I need it now
☹️​

Answers

Answer:

375, 1875,

Step-by-step explanation:

hope this helps :)

Factor the polynomial completely. 2x^2-9x+7

Answers

The polynomial is a quadratic function, and the completely factored expression of 2x^2 - 9x + 7 is (2x -7)(x - 1)

How to factor the polynomial?

The polynomial expression is given as:

2x^2 - 9x + 7

Expand

2x^2 - 9x + 7 = 2x^2- 2x - 7x + 7

Factorize the above expansion

2x^2 - 9x + 7 = 2x(x - 1) - 7(x - 1)

Factor out x - 1

2x^2 - 9x + 7 = (2x -7)(x - 1)

Hence, the completely factored expression of 2x^2 - 9x + 7 is (2x -7)(x - 1)

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(2x)(2x)=(x+10)(2x-3) what is x?

Answers

Answer:

x = 5/2 or x = 6

Step-by-step explanation:

(2x)(2x)=(x+10)(2x-3)

4x^2 = 2x^2 - 3x + 20x - 30

2x^2 - 17x + 30 = 0

(2x - 5)(x - 6) = 0

x = 5/2 or x = 6

What is the product of the fraction below (3/x+2) (7/2x)

Answers

Answer:21x^2+14x over 2

Step-by-step explanation:

please help me in this question please ​

Answers

Step-by-step explanation:

here is your answer, this is how you do it

Answer:

[tex]\boxed{\bf G. \: x = {25}^{o}} [/tex]

[tex]\boxed{\bf H. \: x = {20}^{o} }[/tex]

Step-by-step explanation:

In the given figure, the linear pairs are supplementary angles, meaning they should add up to 180°.

G)

[tex]\bf 2x + 34 + x + 71 = 18 {0}^{o} [/tex][tex]\bf 3x + 105 = 18 {0}^{o} [/tex][tex]\bf 3x = 180 - 105[/tex][tex]3x = 75[/tex][tex]\boxed{\bf x = {25}^{o} }[/tex]

H)

[tex]\bf 2x + 4x + 3x = {180}^{o} [/tex][tex]\bf 9x = 180[/tex][tex]\boxed{\bf x = {20}^{o} }[/tex]

«••••••••••••»«•••••••••••••»

Find the area of the composite figure. First, find the area of the triangle.

Please help acellus sucks

Answers

Step-by-step explanation:

Rectangle area= 40×30= 1200cm²

Triangle area= 20×20= 400cm²

Total are of composite figure= 1200+400=1600cm²

Solve the system using elimination.

Answers

Answer:

This equation has no solution

Step-by-step explanation:

if the same equation equals 2 different numbers then therefore there is no solution.

Janet is retiring after working for a major department store for 20 years. The company offered her a flat retirement benefit of $50 per year for each year of service. a. What was her monthly income in the fi rst year after retirement?​

Answers

Answer:

$1000

Explanation:

If the employee has worked there for 20 years and for every year its 50 dollars. That would mean its 50x20 which eqauls 1000.

The monthly income in the first year after retirement is $1000.

What is monthly income?

Average monthly income is the amount you earn each month. Depending on your source of income, you can subtract insurance payments, rent allowances and other costs, such as federal and state taxes, from your total income every month. Net worth is your debt subtracted from your total assets.

Given that, Janet is retiring after working for a major department store for 20 years. The company offered her a flat retirement benefit of $50 per year for each year of service.

After working for 20 years, Janet has decided to retire from her job at a major department store.

The company has offered her a flat monthly retirement benefit of $50 for each year of service, which means that her monthly income in the first year after retirement would be $50 multiplied by 20, which is equal to $1000.

Hence, the monthly income in the first year after retirement is $1000.

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x2 + y2 – 2y – 99 = 0
What is the center of this circle ?
],
What is the radius of this circle ?
units

Answers

Answer:

The center is at (h, k) : (0, -1) and the radius is 10. ... The radius is 10. That is, since r^2 = 100, r must be 10.

Step-by-step explanation:

hope this helps you!

Find the LCD of the rational expressions in the list

Answers

Answer:

30

Step-by-step explanation:

what number does 7 multiply by that also can be multiplied by 5? 30 is the least common denominator between 7 and 5.

Consider the solution to the system of inequalities below

-7x+y≥12.5
v+0.3x2 <-1

Which of the following functions could be added to the system without changing the solution set?

y < –2.1
y > –2.1
y = 2.1
y > 2.1

Answers

Answer:

i just want to try this but i think its y<2.1

Step-by-step explanation:

Find the mean of each distribution.

Correct answers will be mark as BRAINLIEST and get 50 points

Wrong answers will be reported ​

Answers

Answer:

See below ~

Step-by-step explanation:

a)

Mean = 3(21) + 1(22) + 2(23) + 5(24) + 1(25) / 12Mean = 63 + 22 + 46 + 120 + 25 / 12Mean = 276/12Mean = 23

b)

Mean = 4.3 + 4.8 + 5.1 + 5.1 + 5.2 + 5.5 + 5.7 + 6.6 + 6.9 + 7.3 + 7.4 / 11Mean = 63.9/11Mean = 5.81

Answer:

a) 23 °C

b) 5.81 m² (2 dp)

Step-by-step explanation:

Part (a)

This set of data is presented as a Dot Plot.

The frequency (how often a data value occurs) is represented by the number of dots above each data value.

For example, in this dot plot, there are 3 dots above the data value 21 °C and so this means that there are three of this particular data value in the set of data.

To find the mean, we need to multiply each data value by its frequency, add them up, then divide by the total frequency.

[tex]\begin{aligned}\textsf{mean}&=\dfrac{3 \times 21+1 \times 22+2\times 23+5\times 24+1\times 25}{3+1+2+5+1}\\\\ & = \dfrac{63+22+46+120+25}{12}\\\\& = \dfrac{276}{12}\\\\&=23^{\circ} \sf C\end{aligned}[/tex]

Part (b)

This set of data is presented as a stem and leaf diagram, where the units and tenths are split.  The units column is the 'stem' and the tenths become the 'leaf'.

Therefore, the first row of this stem and leaf diagram represents 2 data values: 4.3 and 4.8

To find the mean, sum the data values, then divide by the total frequency.

To find the total frequency, simply count the number of values in the leaf part of the diagram.

Data values = 4.3, 4.8, 5.1, 5.1, 5.2, 5.5, 5.7, 6.6, 6.9, 7.3, 7.4

Total frequency = 11

[tex]\begin{aligned}\textsf{mean} &=\dfrac{4.3 + 4.8 + 5.1+5.1+5.2+5.5+5.7+6.6+6.9+7.3+7.4}{11}\\ & = \dfrac{63.9}{11}\\\\& = 5.81\:\textsf{(2 dp)}\end{aligned}[/tex]


In which of the following functions would it be appropriate to use only positive integers for the domain? Select all that apply.

The function c(p) represents the cost for (P) people to attend the movies.

The function m(t) represents the miles driven over t hours.

The function t(m) represents the average high temperature for a given number of months.

The function p(w) represents the profit of a farmer who sells (w) whole watermelons.

The function (n) represents the number of person-hours it takes to assemble (n) engines in a factory.

Answers

Answer: The function c(p) represents the cost for (P) people to attend the movies.

The function t(m) represents the average high temperature for a given number of months.

Step-by-step explanation:

What is the range of the following numbers: 2, 5, 5, 8, 4, 3

Answers

Answer: range is 6

Step-by-step explanation:

Smallest number is 2

largest number is 8

8-2=6

The height of a light pole in a magazine is 4 inches. The scale of the picture was given as 1 inch:24 inches. What would be the actual height of the light pole?

Answers

Answer:

96

Step-by-step explanation:

4 times 24 is 96

Answer: 96, have a good day

2 7.1.2 Exam: Semester 1 Exam
Question 7 of 7
A part-time caregiver made $8944.58 last year. If he claimed himself as an
exemption for $3650 and had a $5700 standard deduction, what was his
taxable income last year?
O A. $5294.88
B. $3244.58
C. $0
O D. $405.42

Answers

Answer:$0

Step-by-step explanation:

9. Two fair dice are rolled. Find the odds of rolling the following sums.
(a) 2
(b) 6
(c) 9
(d) Between 5 and 8 (exclusive; that is, not including 5 or 8)
(e) Not more than 5

Answers

(a) 1/12
(b) 3/12=1/4
(c) 2/12 = 1/6
(d) 3/12 + 3/12 = 6/12 = 1/2

I think it’s right ???

If for a particular one-to-one function f(2) = 13, what are the corresponding input and output
values for the inverse function?

Answers

Answer:

[tex]f^{-1}(13) = 2[/tex].

Step-by-step explanation:

For function [tex]f[/tex], the notation [tex]f(2) = 13[/tex] means that when the input to the function is [tex]2[/tex], the output would be [tex]13[/tex].

The inverse function of a one-to-one function [tex]f[/tex] is commonly denoted as [tex]\!f^{-1}[/tex].

The inverse function undoes the action of the original function. In this question, [tex]f[/tex] maps [tex]2[/tex] to [tex]13[/tex]. Thus, [tex]f^{-1}[/tex] would need to map [tex]13\![/tex] back to [tex]2\![/tex]. Therefore, [tex]f^{-1}(13) = 2[/tex] should be the corresponding input and output values.

Which function has the greatest x-intercept?
Et
f(x) = 3x - 9
g(x) = (x + 31)
h(x) = 2x – 16
j(x) = -5(x - 2)2

Answers

Answer:

g(x) = (x + 31)

f(x)= 3x-9

3×x-9= -9+3×x

=-6x

g(x)=(x+31)

1×x+31=32+1×x

=32x

h(x)=2x-16

2×x-16= 16+2×x

=18x

j(x)= -5(x-2)2

(-5x+10)2

-10x+20= 10×x+20

=20-10×x

=10x

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