cloudbaby4 cloudbaby4

04-08-2021
Mathematics

contestada

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

Respuesta :

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

"For a heartbeat or two, Titus looked as if he might hit you. Grudgingly, he agreed to bring you along, despite your age and his declaration after your parents’

The period of revolution of an object in the Solar System is ____________. (10 Points) a fixed number for all planets the time it takes an object to travel ar

• 3. Explain how the human eye possesses the featureof irredeemab complexity?

Ceramic tiles sell for $13.08 for a box of 12 tiles. Find the price per tile.

how was the swine flu handled

Which improved Lincoln's chances for reelection in 1864? Union soldiers were forced to vote for Lincoln. General McClellan captured Atlanta. General Sherman cap

PLEASE HURRY!!!!!! 14 points

1. The nervous system is very important in helping maintain immunity balance or homeostasis blood flow 2. Sensory receptors provide information about the extern

Is this app helpful?

Foods that contain all the essential amino acids are called proteins. NEXT QUESTION AOV COD UCID