tyty1059 tyty1059

11-06-2014
Mathematics

Answered

Suppose you invest $580 at 10% compounded continuously , write an exponential function to model the amount in your investment account ?

Answer :

susanwill37 susanwill37

12-06-2014

Interest=percent times rate(in years) times principal.
Or I=PRT
So you invest $580 so I=$580 Rate would be .10 and time would be 1 for one year. So if you put this into the formula you get
$580=P(.65)(1)
So $580=.65P so $580/.65=P so P is approximately $892.31 per year.

Answer Link

Other Questions

In pea plants, the allele for tall plants (T) is dominant over the allele for short plants (t). The allele for purple flowers (P) is dominant over the allele fo

Which model of replication states that helicases run into each other and remain associated for the remainder of replication?O Traditional Model.O Replication Fa

Given the exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.[tex]\[ y = 53

The _____ time elapsed between the stimuli and the physical response, the _____ the connectiona. Less; lowerb. More; greaterc. More; lowerd. Less; greater

A scientist watching children interact in a classroom would be using a " _______ method of research. a. Case Study b. Naturalistic Observation c. Survey d. Labo

Read this passage from Chapter 5 of The Prince:"But when cities or countries are accustomed to live under a prince, and his family is exterminated, they, being

When saluting while wearing headgear with a visor, how should you position the hand and wrist?A. Hand and wrist straightB. Hand straight, wrist bent slightly up

A potent immunosuppressive agent commonly reserved for induction therapy to prevent organ rejection is:_______

Does the point (3, -1) lie on the circle [tex]\((x+1)^2 + (y-1)^2 = 16\)[/tex]?A. Yes; the point is represented by [tex]\((h, k)\)[/tex] in the equation.B. Yes;

What are the theoretical principles underlying the design and optimization of a regenerative braking system in electric vehicles to maximize energy recovery and