A person places $4760 in an investment account earning an annual rate of 1.6%, compounded continuously. Using the formula V=PertV = Pe^{rt}V=Pert, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 7 years.

Step-by-step explanation:

Given that the principal p= $4760

rate r= 1.6%  1.6/100 =0.016  

time t= 7years

by applying the expression

We have

Hence after 7 years the money in the account will be $5324.12

she would want to sell 10 full-year subscriptions and at least 9 half-year subscriptions to get a total of at least $300. 

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step-by-step explanation:

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