If you invest $600 at 5% interest compounded continuously, how much would you make after 6 years?
2 answers:
Answer:
$809.92
Step-by-step explanation:
(see attached for reference)
Recall that the formula for compound interest (compounded continuously) is
A = P e^(rt)
where,
A = final amount (we are asked to find this)
P = principal = given as $600
r = interest rate = 5% = 0.05
t = time = 6 years
e = 2.71828 (mathematical constant)
Substituting the known values into the equation:
A = P e^(rt)
= 600 e^(0.05 x 6)
= 600 (2.71828)^(0.30)
= $809.92
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Answer:
<2 = 34degrees
Step-by-step explanation:
Find the diagram attached below:
First we need to get <1;
<1 + 74 = 180 (angle on a straight line)
<1 = 180 - 74
<1 = 106degrees
Also, <1 + <2 + 40 = 180 (sum of angle in a triangle)
106+<2 + 40 = 180
146 + <2 = 180
<2 = 180-146
<2 = 34degrees
