CLOUDBABY4IN CLOUDBABY4IN

Mathematics

Answered

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

Answer :

KHOA18050IN KHOA18050IN

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

In Trainings: Other Questions

I Really Need Help With This For Homework I Need Help To Question Number Seven

A Rectangle Has A Length Of 0.5 And A Width Of 0.25. Paulo Needs To Make A Scale Drawing Of The Rectangle With A Scale Factor Of 12. Match The Length And Width

A Country With A Dictator Usually Suffers From The Moods And Excesses Of Its Leader. What Does An Independent Judicial System Provide In A Country To Prevent Th

Need Help With Chemistry Homework. About Separation Of MixturesWhen You Evaporate Saltwater, And There's Salt Left, How Does They Separate, Even Though They Wer

In The Past Month John Rented 4 Video Games And 1 Dvd The Rental Price For Each Video Game Was $2.50 The Rental Price For The Dvd Was $3.80 What Is The Total Am

What Is A Simple Way To Solve A+3(a-1)=3(2+a) I Don't Just Want The Answer, I Want To Know How To Easily Solve It Because I Still Haven't Understood That Stuff

What Are The 10 Provinces In Canada?

A Marketing Firm Tracks Data On Grocery Store Visits. In One Study, It Finds That the Probability That A Shopper Buys Bread During A Visit To The Grocery Store

What Evidence From The Video Indicates That The Rats, Like Humans, Find nicotine To Be A Weak Reinforcer? Oa. The Rats Work Much Harder After Ingesting Nicotine

Do Ya'll Know Black Magic ?

Terra Data Cycle Experiment The Beginning Temperature For Saltwater Solution Was -2°C By The End Of The Experiment A Solution Temperature Was 24°C What Was The

Calculate The Instantaneous Speed In Each Of The Following Segments By Writing The Coordinates And The Slope. At The End, Calculate The Average Speed. Segment