Larry invests $7,000 in an account that earns 6% interest compounded continuously. How much will Larry have in 7 years?

9940

Step-by-step explanation:

its easy please give brainlist

~10525.41 after 7 years

Step-by-step explanation:

y=a(1+r)^x

That's the equation for exponential growth

a= the starting amount

r= the rate at which it is growing

x=years

with that information

a=7000

r=6% or 0.06

so y=7000(1+0.06)^x -> y=7000(1.06)^x

x=7

y=7000(1.06)^7

y~10525.41

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

answer: b.

step-by-step explanation:

the y coordinate for point b is 0, and answer b is the only one with that y coordinate.