Nathan is going to invest in an account paying an interest rate of 6% compounded continuously. How much would Nathan need to invest, to the nearest ten dollars, for the value of the account to reach $1,200 in 8 years?

54333$

Step-by-step explanation:

this is corrext

731.48

Step-by-step explanation:

you take 6 percent form 100 percent with give 94 percent

then you times 1200 by 94 percent 8 times to get awnser

option a is correct.

step-by-step explanation:

scale factor: it is used to find proportional measurements.

proportions means having the same ratio.

scale factor is the ratio of the model measurement to the actual measurement in a simplest form.

or we can say that the ratio of any two corresponding lengths in two similar geometric figures

if the scale factor is more than 1, then it is an enlargement,

if the scale factor less than 1, then it is a reduction.

given the two geometric figure:

by definition of proportions, we have