jocelynreyes3030 jocelynreyes3030

02-03-2020
Mathematics

contestada

How much would $500 invested 4% interest compounded continuously be worth after 7 years?

Respuesta :

goddessboi goddessboi

02-03-2020

Answer:

$661.56

Step-by-step explanation:

Formula for compounded interest -> I=Pe^(rt)

I=500(e^(0.04*7))

I=500(e^0.28)

I=661.56

So the value after 7 years would be $661.56

Answer Link

Otras preguntas

What are the characteristics of continental tropical air m

THIS IS FOR A REVIEW NOT A TEST. what would N be? I don’t really understand how to find it.

The primary system that allows voters to register or change their party registration on election day is known as a(n) ________.

A genre of light entailment to be performed during the intermission of more serious operatic fare is called:

I need help please and thanks

Help pls i mark as brainlist answer all 4

Carlos has a family history of premature heart disease and stroke. To lower his risk of cardiovascular disease, Carlos should:______A) Increase his intake of tr

Why are you interested in the fellowship at our company and what do you hope to learn?

Find the percentages of people who said "yes, definitely", "yes, probably", "no, probably not", and "no, definitely not".

My friend is dating this guy that she got back together with only because he told her he would kill himself. She’s been telling me that she’s so scared of him a