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drek231 [11]
1 year ago
7

Sarah invested $2,500 in an account paying an interest rate of 2.1% compounded continuously. Assuming no deposits or withdrawals

are made, how much money, to the nearest hundred dollars, would be in the account after 14 years?
Mathematics
1 answer:
givi [52]1 year ago
6 0

Answer:

<h2>$3,000</h2>

Step-by-step explanation:

This problem is based on compound interest, and the expression for the compound interest is given as

Given Data

A = final amount  =  ?

P = initial principal balance  = $2,500

r = interest rate = 2.1%= 0.021

t = number of time periods elapsed= 14 years

Substituting our data into the compound interest formula we can solve for the final amount

A= 2500(1+0.021)^1^4\\A= 2500(1.021)^1^4\\A= 2500*1.3377\\A= 3344.25\\

<em>Hence to the nearest hundred we have the account balance has $3,000</em>

<em></em>

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Answer:

<em>The maximum number of kilowatt-hours is 235</em>

Step-by-step explanation:

<u>Inequalities</u>

Robert's monthly utility budget is represented by the inequality:

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Dividing by 0.1116:

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