Solve the problem.Suppose $4000 is deposited into an account earning 5% annual interest, compounded continuously. Find the balance in the account at the end of 3 years.

A. $7288.48
B. $13,961.37
C. $4647.34
D. $21,177.96


Answer: C

Mathematics

You might also like to view...

Use inductive reasoning to predict the next equation.(4 × 1) x (2 × 1) = 8(4 × 10) x (2 × 2) = 160(4 × 100) x (2 × 3) = 2400

A. (4 × 1000) x (2 × 4) = 36,000 B. (4 × 1000) x (2 × 4) = 3200 C. (4 × 1000) x (2 × 4) = 28,000 D. (4 × 1000) x (2 × 4) = 32,000

Mathematics

Solve by the method of elimination by addition or subtraction.  x - 6y = -12 3x - 5y = -10

A. x = 1, y = 1 B. x = -2, y = 0 C. x = 0, y = 2 D. Inconsistent

Mathematics

Perform the indicated row operations on the following matrix. (-2)R1 + R2 ? R2

A.
B.
C.
D.

Mathematics

Solve the equation.3x = 27

A. {3} B. {9} C. {2} D. {4}

Mathematics