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

The data set below shows the number of books checked out from a library during the first two weeks of the month: 99, 29, 30, 42, 35, 36, 30, 35, 38, 43, 39, 40,
What volume in milliliters will 0.00922 g of h2 gas occupy at stp?
what is the book of Ayurveda from ancient india about
Please help me find the length width and area
plzzz hellpp. have to match them up
which of the following weapons helped continue the stalemate on battlefields during world war 1
A Lewis dot structure for this atom has six electrons around the symbol. Which of the following could be the atom? a. phosphorus (P) b.xenon (Xe) c
The edges of a cube are 5 centimeters each and the diagonal of a face is approximately 7 centimeters. What is the approximate area of the cross section passing
how do the pulse and breathing rates maintain homeostasis
Name some of the cells that HIV infects.