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

what is 7x7x7x7x7x7 in exponential form
624 feet to 702 feet
3a b2 b3 4b2 4 5a identify like terms
How do you think the history of Rome would have been different if Spartacus had succeeded in crossing the alps?
21/24÷7/8 show work please
What is the solution to the system of linear equations y-x=4 and y+2x=1?
I need some simple example of a hardships in a family !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'!!! !!!!!!!!!!
Familia lexicalA a cuvantului profesor
why are protein channels needed to transport substances
If two objects at different temperatures are in contact with each other, what happens to their temperatures?