A total of $10,000 is invested at an annual interest rate of 3%. Find the balance after 5 years if the interest is compounded a) quarterly and b) continuously.

Step-by-step explanation:

We will need 2 different equations for this problem. For compounding a certain number of times a year, the formula is

so let's do that first. Filling in we get

and simplifying a bit gives us

and a bit more,

and then

A(t) = 10000(1.161184142) so

A(t) = 11611.84

Then for the compounding continuously, the formula is

and simplify a bit to\

Now raise e to the power of .15 on your calculator to get

A(t) = 10000(1.161834243) so

A(t) = 11618.34

Not too much of a difference between the 2 values at the end.

ddd

step-by-step explanation:

you forgot the options, but i found them anyways, the correct answer is "john wilson believes that words and actions based on the intellect are superior to those based on emotions".

john wilson is depicted as an extremely intelligent man. the point of the excerpt is to make a sort of distinction between emotional and rational intelligence. he happens to have both attributes, but he clearly favors his intellectual gifts. at the same time, because of his religious background, he's a little bit conflicted with this and it makes him ashamed.

hope this !