Answer:
$13,695.98
Step-by-step explanation:
We can use the continuous compound interest formula to solve:
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 8% into a decimal:
8% -> -> 0.08
Now, lets plug in the values:
The account balance after 10 years will be $13,695.98
I think the answer is a I'm not sure
Answer:
Ellen invested $60 and Bob invested $140
Step-by-step explanation:
let the two amounts invested by 3x and 7x
(notice 3x : 7x = 3 : 7 )
then 3x + 7x = 200
10x = 200
x = 20
then 3x = 3(20) = 60
and 7x = 7(20) = 140
60+140=200
I’m not positive but i think it’s 36x^2 -1