contesarahm
contesarahm contesarahm
  • 03-05-2021
  • Mathematics
contestada

If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years? Use the continuous compound interest formula: A = Pert.

a. $198.55
b. $209.51
c. $295.01
d. $2,950.14

Respuesta :

ashowrav2000
ashowrav2000 ashowrav2000
  • 03-05-2021

Answer:

answer is c) 295.01

hope this helps

Answer Link

Otras preguntas

How many miles can you get on one tank of gas if your tank holds 18 gallons and you get 22 miles per gallon?
What is the slope of any line parallel to the line 8x + 9y = 3 in the standard (x,y) coordinate plane?
What are abiotic factors of the enviroment lynx
The significance of the Open Door Policy for the United States lay in its (A) providing a use for the Philippines as a way station between China and the United
Why does Louis XIV want to expand France's border?
Why does Louis XIV want to expand France's border?
What are abiotic factors of the enviroment lynx
If it takes Mark twice as long to earn $6.00 as it takes Carl to earn $4.00, what is the ratio of Mark’s pay per hour to Carl’s pay per hour?
USE A NUMBER LINE TO FIND 8/9 / 8/45.
what does etymology study?