Sample Response: A rational number can be expressed as a whole number, a fraction, or decimal that has either terminating or repeating digits. A square root of a perfect square is rational. If it is none of these, then the number is irrational.
You deposit $1,500 into a bank that pays 4% continuous interest. What is the account balance after 2 years?
Round your answer to the nearest cent
If $1500 is deposited during a bank at 4% compoundedcontinuously then we'll get $1624.95 at the tip of two years.
It refers to the interest calculated on the principal and accumulated interest. Sum of cash after t years if interest is compounded continuously is P.
The principal amount= $ 1500, rate of interest=4%, time period=2 years.
Sum after 2 years when interest is compounded continuously may be calculated as under:
Sum=1500*
=1500*
=1500*1.0833 []
=1624.95
Hence we'll get $1624.95 after 2 years if interest is compounded continuously.
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