Suppose you invest $1800 at an annual interest rate of 3.3% compounded continuously. How much will you have in the account after 1.5 years?

$1,890

Step-by-step explanation:

To find the amount, we use the compound interest formula here

we have this as;

A = P(1 + r/n)^nt

Where ;

P is the amount invested which is $1,800

r is the interest rate which is 3.3% annually (3.3/100 = 0.033)

n is the number of times yearly interest is compounded which is 1 time yearly

t is the number of years which is 1.5 years

substituting these values, we have

A = 1800( 1 + 0.033)^(1 * 1.5)

A = 1,890

answer: the answer is 127 degrees

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places