Suppose you invest $800 into an annuity account that pays 7% annual interest, compounded continuously. How much will you have in the account in 10 years? F(t) = ae^rt

Suppose You Invest $800 Into An Annuity Account That Pays 7% Annual Interest, Compounded Continuously.

Answers

Answer 1

Answer:

1611.00

Step-by-step explanation:

Suppose You Invest $800 Into An Annuity Account That Pays 7% Annual Interest, Compounded Continuously.
Answer 2

You have $1611.00 in the account in 10 years. The correct option is B.

What is continuous compound interest?

Interest that compounded continuously to the principal amount. This interest rate provides exponential growth to a period of time.

Formula of continuous compound interest rate;

F(t) = a(e[tex])^{rt}[/tex]

, where a is the principal amount, r is the interest rate and t is the time period.

Given:

You invest $800 into an annuity account that pays 7% annual interest, compounded continuously.

And the formula is given by:

F(t) = a(e[tex])^{rt}[/tex]

According to the question,

Investment a = $800

Time period = 10 years.

And the interest rate r = 7%

Converting interest rate into decimals,

r = 0.07

Substituting all the values top the formula,

F(t) = a(e[tex])^{rt}[/tex]

F(t) = (800)(e[tex])^{(0.07)(10)}[/tex]

F(t) = (800)(e[tex])^{(0.7)}[/tex]

F(t) = 1611

F(t) = $1611.00

Therefore, you have $1611.00 in account.

To learn more about the continuous compound interest;

https://brainly.com/question/18722165

#SPJ2


Related Questions

what is the focus of x2 - 6x + 8y = -9

Answers

Answer:

(3, -2)

Step-by-step explanation:

In order to find the focus of a parabola, you must know that the equation of a parabola in a vertex form is y=a(x−h)2+k where a represents the slope of the equation. From the formula, we can see that the coordinates for the focus of the parabola is (h, k+1/4a).

(2.5*10^3)*3.4*10^2 (in scientific notation)​

Answers

Answer:

8.5×10⁵

Step-by-step explanation:

2.5×10³ × 3.4×10² = (2.5×3.4) × 10³⁺² = 8.5×10⁵

[tex]\\ \rm\longmapsto 2.5\times 10^3\times 3.4\times 10^2[/tex]

[tex]\boxed{\sf a^m\times a^n=a^{m+n}}[/tex]

[tex]\\ \rm\longmapsto 2.5\times 3.4\times 10^3\times 10^2[/tex]

[tex]\\ \rm\longmapsto 8.5\times 10^{3+2}[/tex]

[tex]\\ \rm\longmapsto 8.5\times 10^5[/tex]

Find the area of a circle with a diameter of 10 feet

Answers

Answer:

31.43ft

Step-by-step explanation:

πd=22/7×10ft

=31.43ft

Answer:

78.5 sq feet

Step-by-step explanation:

Diameter = 10 feet

Radius = 5 feet

Area of circle=πr²

                     = π(5)²

                     = 25π

                     = 25 x 3.14

                     = 78.5 sq feet

The odometer on your car read 53,305 at this time last year. It now reads 79,964. Estimate the number of miles your car has been driven during the past year. (Estimate to the nearest thousand miles.)

Answers

Answer:

26659

Step-by-step explanation:

subtracting the recent meter and the last time meter

Evaluate the function and simplify.

f(x)=6x^2 -1/x^2

f(-x)=?

Answers

Step-by-step explanation:

f(-xl= 6(-x)^2 - 1/(-x)^2

=6x^2- 1/x^2

f(x)= f(-x)

It is an even function

Write a system of equations to describe the situation below, solve using elimination, and fill in the blanks.

Mrs. Henson's grandchildren are participating in a gift wrap sale to raise money for their school. She decided to stock up, so she ordered 1 roll of reversible paper and 3 rolls of metallic paper from Peter, spending a total of $43. She also ordered 4 rolls of reversible paper and 4 rolls of metallic paper from Ron, which cost a total of $100. Assuming that rolls of each type are priced the same, what is the price for each kind of paper?

Rolls of reversible paper cost $____ each, and rolls of metallic paper cost $___ each.

Help Me please teacher gunna kill me

Answers

yes what is Ford the priblem

What is the remainder of f(x)=x^3+x^2-9x+23 When divided by binomial X +4

Answers

Answer:

The remainder is 11.

Step-by-step explanation:

We are given the polynomial:

[tex]f(x) = x^3 + x^2 - 9x + 23[/tex]

And we want to find its remainder when the polynomial is divided by:

[tex]x + 4[/tex]

We can use the Polynomial Remainder Theorem. According to the PRT, if we divide a polynomial P(x) by a binomial in the form (x - a), the remainder will be given by P(a).

In this case, our binomial is (x + 4) or (x - (-4)). Hence, a = -4.

Then the remainder will be f(-4):

[tex]\displaystyle \begin{aligned}f(-4) &= (-4)^3 + (-4)^2 - 9(-4) + 23 \\ &= 11 \end{aligned}[/tex]

In conclusion, the remainder of the operation is 11.

What’s the integer for 8 mph above the speed limit

Answers

The integer that describes 8 mph above the speed limit is +8

The given parameter:

8 miles per hour (mph) above the speed limit

To find:

the integer above the speed limit

The given expression contains integer that describes the magnitude of the expression and S.I unit that describes the dimension of the quantity.

miles per hour = unit of the quantity8 is the integer+8 is the integer above the speed limit

Note: integers are whole numbers

Thus, the integer that describes 8 mph above the speed limit is +8

Learn more here: https://brainly.com/question/19824164

Reduce to simplest form.

-1/4-(-3/5)=

Answers

-1/4+3/5 because negative and negative become positive then
Add both fractions -1/4+3/5= then find a common denominator so 20 is the common denominator -5/20+12/20=7/20
So ur answer is 7/20

Which is a point on the circle whose center is (0,0) and whose radius is 5? A. (0,0)
B. (4,5)
C. (3, 4)
D. (2,3)

Answers

Answer:

(3,4)

Step-by-step explanation:

x^2+y^2=(5)^2

if you graph it you will see that (3,4) is on the circle

Islamic Question That I Need Asap:
Enumerate The Recommendations Of Prophet Muhammad (PBUH) From The Hadeeth Below

“O boy! I will instruct you in some matters. Be mindful of Allah, and He will protect you. Be mindful of Allah, and He will be ever with you. If you beg, beg of Him alone; and if you need assistance, supplicate to Allah alone for help. And remember that if all the people gather to benefit you, they will not be able to benefit you except that which Allah had foreordained for you; and if all of them gather to harm you, they will not be able to afflict you with anything other than that which Allah had predestined against you. The pens had been lifted and the ink had dried up.

Answers

Use Socratic it will help

Answer:

[tex]thank \: you[/tex]

alan walked 5 miles in 2 hours. how far did he walk in kilometers per minute

Answers

Answer:

Walking speeds vary depending on age, and health of walkers. However, an average comfortable walking speed is about 5 km per hour and 9km per hour can be achieved by many people. This means that in 30 minutes it should be possible to easily walk 2.5km and in 2 hours it should be possible to walk 10km.

Answer:

0.07929 km/min

Step-by-step explanation:

1 miles is 1.903 km

5 miles is 9.515 km in 2 hours

9.515 /2 = 4.7575 km/h

Then divide th speed value by 60

4.7575 / 60 = 0.07929

2 fnd the circumference of a circle in which diametey 42cm.​

Answers

Answer:

132cm

Step-by-step explanation:

circumference = [tex]\pi \\[/tex]d = [tex]\pi[/tex](42) = 131.9468 ≈ 132

What the answer I don’t get Mary at all

Answers

Answer:

1

Step-by-step explanation:

By order of operations, we first evaluate the parentheses, which is 2 * 1 = 2.  We then evaluate the brackets, which are 3 / 2 = [tex]\frac{3}{2}[/tex].  Finally, [tex]\frac{3}{2}[/tex] * [tex]\frac{2}{3}[/tex] = [tex]\frac{6}{6}[/tex] or 1.

The question is [3/(2*1)]2/3

Steps to solve:

- first do the main ()
2*1 is 2

- now divide
3/2 (keep it has a fraction bcz it will help with the final process

- 3/2 time 2/3 is 1


The answer is 1

If helped mark me the brainiest!!

Yossi used to have a square garage with 354 ft² of floor space. He recently built an addition to it. The garage is still a​ square, but now it has​ 50% more floor space. What was the length of one side of the garage​ originally? What is the length of one side of the garage​ now? What was the percent increase in the length of one​ side?

Answers

Original length = sr(354) = 18.8 feet

New length = sr(354 x 1.5) = 23.0 feet

Percent increase = (23.0 - 18.8) / 18.8 x 100 = 22.3%

If you calculate the increase using unrounded values it is 22.4744871%. Close to 22.5%.
Avoid using rounded values in any further calculations!

Model the situation.

The sum of two consecutive integers is 85. Find the integers that satisfy this condition.
Answer choices

A) 1 + 2 = 85

B) x+(x+1)=85

C) x+x=85

D) x+2x=85

Answers

Answer:

Option B is correct

Step-by-step explanation:

Let the number be x

Second number = x + 1

Sum = 85

x + x + 1 = 85

2x + 1 = 85

2x = 85 - 1

2x = 84

x = 84/2 = 42

Numbers are 42 and 43

Answer:

B) x+(x+1)=85

Step-by-step explanation:

Consecutive means in a row

Let x be the first integer

x+1 is the next integer

x+x+1 = 85

What is the distance in meters of an object that has an angular diameter of 30 arcseconds and a linear diameter of 10 cm

Answers

We have that  the distance in meters of the object is

[tex]d=687.55m[/tex]

From the Question we are told that

Angular diameter [tex]d_a= 30 arcseconds[/tex]

Linear diameter [tex]d_l= 10 cm=0.10m[/tex]

Generally the equation for Linear diameter  is mathematically given as

[tex]d_l=\frac{d_a*d}{206265}[/tex]

Therefore

[tex]d=\frac{0.10m*206265}{30}[/tex]

[tex]d=687.55m[/tex]

For more information on this visit

https://brainly.com/question/12319416

Plss help me! Brainlist! Pls!!! I’m so confused!!!!

Answers

3^ (1-2x)=243 and ya that’s how you solve it if u don’t understand let me know

help me solve this problem

Answers

Step-by-step explanation:

i don't get the question

Suppose a right triangle has a
hypotenuse length of 12. If one of
the legs has length 5, what would
the length of the last leg be?

Answers

Answer:

See the last two lines below. I don't know which one you want.

Step-by-step explanation:

hypotenuse = 12

One leg        = 5

other leg =      x            Substitute into a^2 + b^2 = c^2

x ^2 + 5^2 = 12^2

x^2 + 25 = 144              Subtract 25 from both sides

x^2 = 144 - 25              Combine

x^2 = 119                      Take the square root of both sides

x = sqrt(119)

x = 10.91

Which expression is equivalent to a + a"?
O amin
aman
amin

Answers

third option:- a^m-n

your welcome.

Simpson Office Furniture pays Betty Thomas a $2740 monthly salary plus a 11% commission on merchandise she sells each month. Assume Betty's sales were $94100 for last month. Calculate the following amounts: a. Amount of Commission: b. Gross Pay:​

Answers

Answer:

a. 11/100* 94100 =$10,351

b.10,351+ 2740= $13,091

A cake at a child's birthday party is cut into 12 even pieces. Seven pieces are served to the children and each child eats half of a piece. How much cake was eaten?

Answers

3.5 is eaten. Since 7 pieces are served to the child and he ate half of that. 7/2 is 3.5.

How much cat food do all of the cats eat in one day?

Answers

this is a odd question.
10 pounds somewhere around 250 calories a day so that’s 1/2 or 1/3 a cup total of a 500 calories cats food

What is the answer to this question?

Answers

The guitar's volume was amplified, but it was hard to hear the notes since it was so loud.

What word or phrase is a signal word that a context clue might be nearby to help determine the meaning of "amplified"?

Step-by-step explanation:

rob has 31 pounds of chocolates he divides it into 5 equal portions .how much does each portion weigh?
a. 31 ib
b. 5 ib
c. 18 ib
b. 9 ib​

Answers

The answer is supposed to be like 6. 30/5=6 so then 31/5 is like 6.2. So if there’s no option that is 6 go with 5.

Help I need an equation and an answer


39. Ashton and James are the same height. If Ashton's height is represented by (6 + 15x) and ames' height is represented by (6x + 42), find the value of x.​

Answers

Answer:

x = 4

Step-by-step explanation:

Start by setting the two expressions equal to each other, since they're the same height.

6 + 15x = 6x + 42

Subtract 6x from both sides

6 + 9x = 42

Subtract 6 from both sides

9x = 36

Divide both sides by 9

x = 4

An equation is formed of two equal expressions. The value of x is 4.

What is an equation?

An equation is formed when two equal expressions are equated together with the help of an equal sign '='.

Given that the height of Ashton and James are the same height. Also, Ashton's height is represented by (6 + 15x) and James's height is represented by (6x + 42). Therefore, we can write,

Ashton's height = James' height

6 + 15x = 6x + 42

6 + 15x = 6x + 42

15x - 6x = 42 - 6

9x = 36

x = 36/9

x = 4

Hence, the value of x is 4.

Learn more about Equation here:

https://brainly.com/question/14686792

#SPJ2

Sorry for small handwriting ​

Answers

Step-by-step explanation:

4 is added to each number

A/q ,

5x+4/6x+4 = 7/8

Now , cross multiply

7/6x + 4) = 8 (5x + 4 )

42x + 28 = 40x + 32

42x - 40x = 32 - 28

2x = 4

x= 4/2

x= 2

answer :

5x = 10

6x = 12

Step-by-step explanation:

hope it helps.u........

Please please help me
Find the total surface area.
A. 131.7 mi²
B. 143.4 mi²
C. 198.6 mi²
D. 99.5 mi²

Answers

Answer:

B. 143.4 [tex]\text{mi} ^2[/tex]

Step-by-step explanation:

In simple terms, surface area =  adding area of all surfaces

This figure has 6 sides.

Surface area = 2 * area of trapezium + 2* area rectangle + area of bottom rectangle + area top rectangle

Surface area = 2 * ([tex](\frac{a+b}{2}) * h + 2* (l*w) + l*w + l*w[/tex])

= [tex]2 * (\frac{3+6}{2} * 2.6) + 2* (8*3) + 3*8 + 8*6[/tex]

= [tex]2 * 11.7 + 2* 24 + 24 + 48[/tex]

= 143.4 [tex]\text{mi}^{2}[/tex]

Let me know if you need further explanation

pls help

write the sentence as an equation

14 is 248 fewer than Q​

Answers

Answer:

Step-by-step explanation:

14<Q-248

Answer:

14=Q-248

Step-by-step explanation:

Other Questions
The speed limit on Highway 85 is 65 mi/h. What is it in m/s? Diana works in a building that is 130 feet tall. She is outside, looking up at the building at an angle of 37 from her feet to the top of the building. How do I describe nomadic tribes(please put it in your own words) exmple of relative velocity How can 863.141 be written in expanded form? Describe the Principles of Training and their impacts in constructing own training programs calculate the number of moles in 2.5 particle NaOH What is the value of f(0)? -2 -1 0 1most segment goes from (2, negative 4) to (3, negative 4). What is the value of f(0)? -2 -1 0 1 I need help with this question pleaseSimplify.18 2+6(4+1) -2 A) Addition B) SubtractionC) Multiplication D) Exponent 3+16 divided by 44 x 7 - 2 x 6 divided by 35 (power of 2) - 4 x (2 power of 3) -3)(-3 (power of 4) divided 9 x (4-5 (power of 3) + 8 Can someone tell me what to write in these boxes?? Change the following sentences in the first person plural to an impersonal structure with the pronoun "se."En los Estados Unidos trabajamos mucho.Vende las bicicletas en la tienda. Help ASAP!!! Due literally in 1 hour!!! Help me by listing the beats for each number like this Make sure its in the correct order! 1 (tell me where to put the dash) 2 (put beats)3 (put beats and tell me where to draw the missing bar lines) Whats expression is equivalent (1/7x+6)-(-4/7x+3 Can a polyhedron have 10 faces, 14 vertices and 20 edges F(x)=-2x^2-3 find f(2) -y- 3 (-3y+5) helpppppppp 4) 2x(x+y)-(4x+2y)(3x-y) Why was imperialism occurring in the late 19th century?Discuss which point or piece of evidence you think is the most significant/important and WHY! Were the actions of the Spanish anymore cruel and reprehensible than those that the native leaders inflictedupon their own people