Respuesta :
A = Pe^rt , e = 2.718
A = 535 * (2.718)^(10 * 0.06)
A = 974.83
answer is $974.83
A = 535 * (2.718)^(10 * 0.06)
A = 974.83
answer is $974.83
Compound Interest can be defined as the interest that is accumulated on a particular sum of money or investment after a given period of time.
The investment will be worth $974.83 in 10 years.
The formula to solve for the amount an investment will be worth if it is compounded continuously is given as:
A = Pe^rt
P = Principal = $535
R = Interest rate = 10%
T = Time in years = 10 years
First, convert R as a percent to r as a decimal
r = R/100
r = 6/100
r = 0.06 rate per year,
Then solve the equation for A
A = Pe^rt
A = 535(2.71828)^(0.06 x10)
A = $974.83
Therefore, the investment will be worth $974.83 in 10 years.
To learn more, visit the link below:
https://brainly.com/question/24793452
