tashe19 tashe19

28-06-2018
Mathematics

contestada

Suppose you invest $5000 at an annual interest rate of 6.3% compound continuously. How much will you have in the account after 3 years?

Respuesta :

altavistard altavistard

08-07-2018

Use the formula for continuous compounding: A = Pe^(rt), where r is the interrest rate as a decimal fraction. Then,

A = $5000e^(0.063*3) = $6040.20 (answer)

Answer Link

Otras preguntas

What is two numbers whose difference is 25.6

What is the collective noun for mountain

15 meters: seconds Convert to seconds and help how

F=9\5c+32 expresses the relationship between celcius and fahrenheit. Slove for c

Pencils are packed 10 to a box. A classroom carton has 10 boxes. Lee needs to buy 370 pencils.A. How many boxes does lee need to purchase? Use place value to

How were the Ostrogoths affected by settling in the Western Roman Empire?

What is the step by step answer to 7.3 divided by 90.5?

Longshore currents form because _____. A. waves hit the coast at an angle and form currents in the surf zone B. beaches absorb waves and backwash in some area

What do we call elements that always travel in pairs?

67/20 in simplest form