cloudbaby4 cloudbaby4

04-08-2021
Mathematics

contestada

How much would $600 invested at 8% interest compounded continuously worth after 3 years?

Respuesta :

khoa18050 khoa18050

04-08-2021

Answer:

[tex]a \: = \: pe ^{rt} [/tex]

[tex]a = 600e^{(.08)(3)} [/tex]

[tex]a = 762.75 \: dollars[/tex]

Since the question stated that the interest is compounded continuously, we know that Euler number is required

Answer Link

Otras preguntas

The cornerstone of kennedy’s foreign policy in latin america was a program known as?

A 500-ml glass beaker is filled to the brim with ethyl alcohol at a temperature of 5. 00ºc. how much will overflow when its temperature reaches 22. 0ºc?

The concise, one-sentence summary or preview of exactly what you want to say in your speech is called the?

Can someone provide a answer with explanation for this question? Thanks!

Which pair of reactants will undergo aldol condensation to produce methylvinyl ketone?

What does arlie hochschild call mothers who accept the dual workloads of paid labor at work and unpaid labor at home without any help?

Solve the given differential equation by undetermined coefficients. y'' 4y' 4y = 2x 3

Part III: Word Usage Highlight in color the correct word in each of the following sentences 1. The rock star sounds [good / well] on her new CD. 2. I did [po

For the reaction: n2(g) 2 o2(g) ⇌ 2 no2(g), kc = 8. 3 × 10-10 at 25°c. what is the concentration of n2 gas at equilibrium when the concentration of no2 is twice

For individuals in developed countries, what is the most important marker of the transition to adulthood?