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 line with equation ax+by=20 passes through the points(-2,10) and (1,5)find a and b
How many seconds in 2.6 days
Who established a school for navigation?
what did the Muslims gain from the crusaders ?
I am so confused about this graphing problem, just need answer doesn't have to show workRectangle ABCD has a length of 9 and a width of 7. Point D is the ordere
How do figure out 120/f = 1.2?
Douglas wants to draw a circle graph showing the favorite colors of his friends. When he polled his friends asking each their favorite color, 25% of his friends
Solve: K= 2(11 - k) + 14
Who would have supported the two sides in the English Revolution?
Write each decimals as a fractions or a mixed number. 26.3 and 7.104 >> help <