A person places $7120 in an investment account earning an annual rate of 7.4%, compounded continuously. Using the formula V = Pe^rt where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 11 years.

16069.25

Just know that

P=Is the first number in the word prob.

R=the second number (percentage one) which you get into decimal form

T=the last number in the word problem

exa:

)

3+11

14

step-by-step explanation:

from this example, we can see that subtracting with integers is the same as adding the opposite. we can solve using a number line or by using the saying "keep, change, change" to us solve. it is important to remember that we can subtract a negative and end up with a larger number than we started with.