Question

Hello, I need some assistance with this homework question please for precalculusHW Q9

Answer 1

Let's use the compound interest continuous formula:

`A=Pe^(rt)`

Where:

A = Amount

r = Interest rate = 6% = 0.06

t = time in years = 2

P = Principal

Therefore:

`\begin{gathered} A=10e^(0.06(2)) \\ A=11.27 \end{gathered}`

Answer:

$11.27