$6.300 is invested in an account earning 4.3% interest (APR), compounded daily. Write a function showing the value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent

Q: Find the effective rate of interest.; For 4% compounded continuously

A: 4% compounded continuously.

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A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where P is the principal…

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A: Total investment P=$5000 Rate of interest R= 6% Time t=3 years Total amount after 3 years

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A: Given: Principal = P = $15,000 Annual rate = R = 6.25% Time = 10 years   To find: Final Amount = A

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A: Given,Tamika borrowed $8000 at 11% compounded continuously.i.e., P=8000, r=11%=0.11

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A:

Q: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

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A: given initial amount=$1000 given final amount=$15000 given rate=9% per year

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A: The given rate is, r=4.7%=0.047 compounded continuously.For the continuous compound, the annual…

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A: A=P ertP is the amount deposited.r is the interest rate.t is the time period

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A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

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A:

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A: Interest Rate = 4.6% (per annual) he contionus same grouth per annual then  intrest rate will be…