Nmer050194
Nmer050194
04-04-2018
Mathematics
contestada
Help with this math question please
Respuesta :
Professor1994
Professor1994
04-04-2018
Amount of money invested: P=$4,100
Interest rate percentage in decimal form: r=7.25%=7.25/100→r=0.0725
Time in years: t=8
Total money in the account at time t: A=?
A=Pe^(rt)
A=$4,100e^(0.0725*8)
A=$4,100e^0.58
A=$4,100(1.786038431)
A=$7,322.757566
A=$7,322.76
Answer: The balance in the account after 8 years is $7,322.76
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