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

Steve wants to take charge of his finances. To do so, he must track his income and expenditures. To accurately calculate his take-home pay, Steve must use his _

A tree has a shadow that is 9 feet long. Otis is 4 feet tall, and he is standing next to the tree. Otis has a shadow that is 4.5 feet long.

what is the most largest flower

please answer 4 questions ASAP

Many people think that a person with a mental disorder is weak, dangerous, and incurable. Explain why these are not common characteristics in those with mental

Quote Analysis: In regards to trying to gain more friends, U.S. Army General Lucius Clay said, “[it would be an easy] choice between choosing to be a communist

What is the sum of arithmetic series 19+25+31+37+… Where n=9 ?

Each of the continents moves at a different rate and in a different direction. Based on this observation, do you believe that any of the modern continents will

If the pH of a weak acid solution is 2.500 and the solution has a concentration of 0.100M, what is the Ka of the weak acid HA?

change in to passive . the question is ,someone is helping her with the housework