Moneysaver's Bank offers a savings account that earns 5% interest compounded continuously. If Ravi deposits $3200, how much will he have in the account
after six years, assuming he makes no withdrawals?
Do not round any intermediate computations, and round your answer to the nearest cent
x
5
?

Answers

Answer 1

the answer is 4160$

Answer 2

     After 6 years of investment of $3200 compounded continuously, final amount in the account will be $4319.55.

Moneysaver's Bank offers a saving account with the features as,

Rate of interest = 5% annualTime of investment = 6 yearsPrincipal amount = $3200

Expression to calculate the final amount when compounded continuously,

Final amount = [tex]P.e^{rt}[/tex]

Here, P = Principal amount

r = Rate of interest

t = Duration of investment

By substituting the values in the expression,

Final amount = [tex]3200.e^{0.05\times 6}[/tex]

                      = 3200(1.3498588)

                      = 4319.548

                      ≈ $4319.55

  Therefore, after 6 years of investment of $3200, final amount in the account will be $4319.55.

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Related Questions

Mrs. Smith’s class raised a total of 994 silkworms, and 523 of them turned into moths about how many silkworms did not turn into months choose the better estimate

Answers

Answer:

471 that's the answer

Step-by-step explanation:

994 - 523 =471

what is the lim of (8n)/((3n^2)+5)?

Answers

[tex]\lim \limits_{n \to \infty} ~\dfrac{8n}{3n^2 +5} \\\\\\=8\lim \limits_{n \to \infty} ~ \dfrac{\tfrac n{n^2}}{\tfrac{3n^2}{n^2} + \tfrac 5{n^2}}\\\\\\=8 \lim \limits_{n \to \infty} ~\dfrac{ \tfrac 1n}{ 3 + \tfrac 5{n^2}}}\\\\\\=8 \cdot \dfrac{ 0}{3 +0} = 8 \cdot 0 = 0[/tex]

We want to evaluate the limit of [tex]\frac{8n}{3n^{2}+5}[/tex] as n tends toward infinity (+∞)

The limit of this expression is the same as the limit of [tex]\frac{8n}{3n^{2}}[/tex]

But this last expression can be simplified, we can remove one n up and down which gives us : [tex]\frac{8}{3n}[/tex]

We know the limit of this one, it is simply Zero 0, by definition of the class lesson.

So to conclude the limit of [tex]\frac{8n}{3n^{2}+5}[/tex] as n tends toward infinity is 0.

Good Luck

which sets does -8/9 belong to

Answers

Answer:

all of the above

Step-by-step explanation:

Felicia bought 20.8 gallons of gasoline. There are approximately 3.8 liters in 1 gallon.

Answers

Answer:

79.04 liters

Step-by-step explanation:

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Tim bought 3 pens and 5 pencils at the school store. The pens and pencils
were the same price. He also bought 2 erasers for 50¢ each. He spent $5 total
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Answers

Answer:

The answer to " How much is a pen or pencil at the school store?" is $0.5

Step-by-step explanation:

3+5=8

-1.00 for erasers

total cost now =4

4/8= $0.5

total cost of everthing =5

simplify -4y+8y answer quick pls

Answers

Step-by-step explanation:

-4y + 8y = 4y

it is the same as -4 + 8 = 4

Answer:

4y is the answer.

Step-by-step explanation:

Since there is like variables, we can add -4y and 8y.

=> -4y + 8y = 4y.

Therefore, 4y is the answer. Hoped this helped.

Bella conducted a scientific experiment. For a certain time, the temperature of a compound rose
3
1
3
3
3
1

degrees in
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Answer: 13 1/3 degrees per hour

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256 is the answer of this expression

Solve for k:

k + 6 > -37

Answers

Answer:

[tex]\sf k + 6 > -37[/tex]

[tex]\sf k+6-6>-37-6[/tex]

[tex]\boxed{\sf k>-43}[/tex]

Answer:

Subtract 6 from both sides:

K +6 - 6 > - 37 - 6

Simplify the arithmetic:

k > - 37 - 6

Simplify the arithmetic

k > - 43

Question
The table below gives the value of a hypothetical $10,000 investment in a certain money market fund. Use a calculator or a
spreadsheet program to find an exponential regression model of the formy - ab' for the data set, and use it to estimate
the value of the investment 12 years after purchase.
Time (years) Value of Investment (USD)
0
10,000
1
11,000
2
12, 100
3
13,310
4
14,641
5
16,105,1
6
17,715.61

Answers

Answer:

  $31,384.28

Step-by-step explanation:

If you're familiar with Pascal's triangle, you probably recognize the digits of the given values match successive lines of that triangle. This immediately suggests that the base of the exponential function is exactly 1.1, and the model can be written immediately as ...

  y = 10000(1.1^x)

For x=12, the value of the investment is predicted to be ...

  y = 10,000(1.1^12) ≈ 31,384.28

The value of the investment 12 years after purchase is predicted to be $31,384.28.

__

In any event, a graphing calculator or spreadsheet can deduce the model for you. The attached calculator output shows it to be as described above.

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Answers

Side- Angle- Side
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Answer:

its the third choice

Step-by-step explanation:

Side angle side cuz there r 2 sides congruent in the picture shown above.

if 1/2x + 6 = -x -3, what is the value of -2x?

Answers

Answer:

12

Step-by-step explanation:

Hi there!

We are given the following equation:

1/2x + 6 = -x-3

And we want to find the value of -2x

First, let's solve for x, and then substitute the number found as x into -2x to find the value of -2x

Start by adding x to both sides to remove -x from the right side

1/2x + 6 = -x -3

+x            +x

_______________

3/2x+6=-3

Subtract 6 from both sides to remove it from the left side

3/2x=-9

Multiply both sides by 2/3 in order to clear the fraction

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Now substitute -6 as x into -2x

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

1:2000000.

Step-by-step explanation:

1 km = 1000m = 100*1000

= 100,000 cm

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Answers

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Step-by-step explanation:

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Answers

Answer:

10 cups

Step-by-step explanation:

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As per the given data provided in the question,

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2 cups of sugar are required to make 36 cookies

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Use the data to create a scatter plot. ​

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Step-by-step explanation:

The mass of Earth is approximately 6 x 10^27 that of the Sun is 330,000 times as much. The gravitational constant is 6.7 x 10^-8 cm/s2.g. The distance of Earth from the Sun is about 1.5 x 10^12 cm. Compute, approximately, the work necessary to increase the distance of Earth from the Sun by 1 cm.​

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Answer:

D IS THE ANSWER

Step-by-step explanation:

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Step-by-step explanation:

I got C for the answer

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A. 1.56

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Answers:
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Answer:

b

Step-by-step explanation:

Joleen and Pablo want to fertilize a rectangular garden
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Step-by-step explanation:

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2 ( 2y + 5 )

Answer:

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Step-by-step explanation:

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Answers

Answer: [tex]h=\frac{-g}{g-2}[/tex]

Step-by-step explanation:

Let's solve for h.

[tex]3h+g=5h-hg[/tex]

Step 1: Add [tex]gh[/tex] to both sides.

[tex]g+3h+gh=-gh+5h+gh[/tex]

[tex]gh+g+3h=5h[/tex]

Step 2: Add [tex]-5h[/tex] to both sides.

[tex]gh+g+3h+-5h=5h+-5h[/tex]

[tex]gh+g-2h=0[/tex]

Step 3: Add [tex]-g[/tex] to both sides.

[tex]gh+g-2h+-g=0+-g[/tex]

[tex]gh-2h=-g[/tex]

Step 4: Factor out the variable [tex]h[/tex].

[tex]h(g-2)=-g[/tex]

Step 5: Divide both sides by [tex]g-2[/tex].

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[tex]h=\frac{-g}{g-2}[/tex]

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Answer:

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