adam invests $6,139 in an retirement account with a fixed annual interest rate compounded continuously. after 17 years the balan
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the upper bound for the length is .
<u>Step-by-step explanation:</u>
Lower and Upper Bounds
- The lower bound is the smallest value that will round up to the approximate value.
- The upper bound is the smallest value that will round up to the next approximate value.
Ex:- a mass of 70 kg, rounded to the nearest 10 kg, The upper bound is 75 kg, because 75 kg is the smallest mass that would round up to 80kg.
Here , A length is measured as 21cm correct to 2 significant figures. We need to find what is the upper bound for the length . let's find out:
As discussed above , upper bound for any number will be the smallest value in decimals which will round up to next integer value . So , for 21 :
⇒
21.5 cm on rounding off will give 22 cm . So , the upper bound for the length is .
Hello!
To find how much money total will be in the account after four years, you need to use the function, , as seen above. In this function, a is the starting value, r is the interest rate, and t is the amount of time (in years).
Before substituting values into the function, we need to convert 3% into a decimal. Remember that all percentages are out of 100, so we divide 3 by 100 and remove the percentage sign, or move the decimal two places to the left.
3/100 = 0.03 | 0.03 is the interest rate.
With all the necessary values, we can find the total amount in the account. In this case, a = 1200, r = 0.03, and t = 4.
y = 1350.610572, which can be rounded to 1350.61 dollars.
Therefore, after 4 years, the total amount in the account will be about 1350.61 dollars.