What will be the balance in an account that was initially $400 and has been drawing 5.5% interest compounded continuously for 8 years?

$613.87

Step-by-step explanation:

First, fortunately for us, there is a formula to calculate the compound interest. It is A=P(1+)^nt

where A is the amount you will have

P is the principal, or starting, amount

r is the interest rate (decimal)

n is the number of times the amount is compounded per year

t is the time, in years

So, plugging your values into the equation gives us

A=400(1+)^1*8

Simplifying gives us A=613.87

answer: x

step-by-step explanation:

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

step-by-step explanation: