subject
Mathematics, 02.12.2021 01:50 babycakesmani

Suppose that $3900 is borrowed for five years at an interest rate of 4% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.

Do not round any intermediate computations, and round your answer to the nearest cent.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
question
Mathematics, 22.06.2019 00:50
How does the graph of y = 3x compare to the graph of y = 3-x?
Answers: 1
question
Mathematics, 22.06.2019 01:50
Lesson 9-3 for items 8-10, a square is drawn in the coordinate plane, with vertices as shown in the diagram. then the square is reflected across the x-axis. -2 4 8. the function that describes the reflection is (x, y) - a. (x, y-3). b. (x, y-6). c. (-x, y). d. (x,- y).
Answers: 2
question
Mathematics, 22.06.2019 01:50
According to a study done by de anza students, the height for asian adult males is normally distributed with an average of 66 inches and a standard deviation of 2.5 inches. suppose one asian adult male is randomly chosen. let x = height of the individual. a) give the distribution of x. x ~ b) find the probability that the person is between 64 and 69 inches. write the probability statement. what is the probability?
Answers: 2
You know the right answer?
Suppose that $3900 is borrowed for five years at an interest rate of 4% per year, compounded continu...
Questions
question
Mathematics, 26.06.2019 01:20
question
Mathematics, 26.06.2019 01:20
Questions on the website: 13722363