Need help on this!!! 7 points!!!

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Fred Mitchell asked Nov 26, 2022

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2 votes

Need help on this!!! 7 points!!!

Mathematics
high-school

Fred Mitchell asked Nov 26, 2022

by Fred Mitchell

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16 votes

Answer:

$226,863.29

Explanation:

P = $47,000

r = 0.0926

t = 17

A =
47,000(2.718)^((0.0926)(17))

A = $226,863.29

Jaco Briers answered Nov 28, 2022

by Jaco Briers

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13 votes

Answer:

P= $226,863.29

Explanation:

Compounded Continously means

P= P₀e^(rt)

plug in givens

P=(47000)e^(0.0926*17)

Use Calculator

and get P= $226,863.29

Masood Khaari answered Dec 1, 2022

by Masood Khaari

2.2k points

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