Question

Please check my answer, A.


@jdoe0001

Answer 1

What do you think it is @lilia222 ??

Answer 2

A. (As I state above ) lol.

Answer 3

lol sry i feel dumb know

Answer 4

Well good Job you are correct!!! :)

Answer 5

@jdoe0001

Answer 6

how did you get A?

Answer 7

One moment.

Answer 8

\(\bf \textit{compounding continuously }=\large Pe^{rt}\to 54,200\cdot e^{0.072\cdot 21}\)

Answer 9

I'm a bit confused now.

Answer 10

i got A as well.

Answer 11

the rate the restaurant attendance is increasing is a "continuously compounded" rate
thus you'd use the "continously compound interest" formula

Answer 12

\(\bf \textit{compounding continuously }=\large Pe^{rt}\to 54,200\cdot e^{0.072\cdot 21}
\\ \quad \\
A=\textit{current amount}\\
P=\textit{original amount deposited}\to \$54,200\\
r=rate\to 7.2\%\to \frac{7.2}{100}\to 0.072\\
t=years\to 21\)

Answer 13

I got 245,839 rounded it would be B , correct?

Answer 14

well... B is 58,239

Answer 15

I meant C , my bad!!!

Answer 16

but 245.839 is ... not really rounded up

Answer 17

but yes, rounded up would be C

Answer 18

245.839.9

Answer 19

yeap.... which rounded is 245,840 :)

Answer 20

So C is my final answer or do we have to do another step? O.o
I swear that was it lol.

Answer 21

yeap.. that's it

Answer 22

:D Thank you!!! Do you mind if I tag you in more questions?
**Are you going to be online? :/

Answer 23

for a few, yes :)