cloudbaby4 cloudbaby4
  • 04-08-2021
  • Mathematics
contestada

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

Respuesta :

khoa18050
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

Which word best describes the girl’s mother in “Woo’d and Married and A’?
The sum of two positive numbers is 5 times their difference. What is the ratio of the larger number to the smaller number
How do you think the ghettos facilitated the eventual extermination of the Jews? 2. Why might ghettos have been an entirely Eastern phenomenon, not built in Ger
9/20+3/20 in simplest form
Which form of friendly best completes this sentence? Of all the girls on the team, Christina is the __________ . a. more friendly b. friendliest c. friendlier
Which of the following is not a main metaphor repeated in The Old Man and the Sea? fish boy man nets
What is Add and Simply 7/4 + 5/6 =
Que quiere decir lapiz quiere decir
Find two equivalent forms for each fraction using multiplication and division for 8/12
11+5+3x2+8x1= What is the answer?