isaiahdiafos
Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual rate of 10% compounded continuously on his investment. Find the bank balance assuming Ceasar leaves the account untouched for 8 years. asnwer this question using the fomula A(t) = Pe^(rt). please show work plese

Sagot :

Answer:

Initial Deposit= $800

Annual rate= .1%

Leaves= 8 years

8 x .1= .8

$800 x .8= $640

$800+$640= $1,440

So your answer is $1,440 is the bank balance in 8 years

Step-by-step explanation:

hope i help have a great day

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.