Mathematics

Holden Marshall

12 June, 23:53

opened a savings account and deposited $1,000.00. The account earns 9% interest, compounded continuously. If he wants to use the money to buy a new bicycle in 1 year, how much will he be able to spend on the bike? Use the formula A=Pert, where A is the balance (final amount), P is the principal (starting amount), e is the base of natural logarithms (≈2.71828), r is the interest rate expressed as a decimal, and t is the time in years. Round your answer to the nearest cent.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “opened a savings account and deposited $1,000.00. The account earns 9% interest, compounded continuously. If he wants to use the money to ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

What is the exponent 9*10^4 equal

A baseball manager has 13 people on their team and must select 9 of them to arrange in a line up for batting. How many arrangements are possible? Question 18 options: A. 117 B. 362,880 C. 259,459,200 D. 691,891,200

The local radio station played 9 hip-hop songs and 6 hard rock songs in one hour. What percent of the songs played during this hour was hip-hop?

Find the inverse of the given relation. { (9, - 10), (2, - 2), (8, - 7), (13, - 13) } { (-10, 9), (2, - 2), (-7, 8), (-13, 13) } { (-10, 9), (-2, 2), (-7, - 8), (-13, 13) } { (-10, 9), (-2, 2), (-7, 8), (-13, 13) } { (-10, 9), (-2, 2), (-7, 8),

10,300 milliliters is the same as

New Questions in Mathematics

What is the simplist form of 3/20. Explain. How do you solve?

The x2 + 6x - 27 = 0 What's the answer for this question in factoring form

4. Solve the system of equations by graphing: 2y = 3x - 4 and - 6x + 4y = - 8 a) (0,-2) b) (-6,4) c) Infinite Solutions d) No Solutions

7 is underlined 0.673 is the place value for 7

You have a square diving pool that is 40ft wide, 40ft long, and 15ft deep. How many cubic feet of water will this pool hold?