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

Which ethical system is concerned with needs and relationships?

Pathos is a greek word that means _____. (1 point)

2/5 muiltiply by 10/9

At the most basic level, humans need which of the following to establish a successful inhabitable settlement. A.arable land

Participating in a compitition of almost any magnitude requires discipline and dedicationWhich word in in the sentence is spelled incorrectly?a. participatingb.

Participating in a compitition of almost any magnitude requires discipline and dedicationWhich word in in the sentence is spelled incorrectly?a. participatingb.

For every $12 he earns babysitting , he saves $5 , on saturday , rob earned $48 babysitting how much money did he save

Match the following items. 1. teacher who died on the Challenger shuttle 2. most famous equipment launched from a shuttle 3. Caribbean island invaded in

Which of the following elements does not contribute to the dreary mood of this short passage from the novel Bleak House by Charles Dickens? "Fog on the Essex m

Calculate the average atomic mass of chromium