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

ammonium hydroxide molecular weight?step by step????

When evaluating research, what factors should be considered? Why are these factors important? Provide some examples to illustrate the importance of each factor.

1. she/I/to/ will/say/anything/listen/not/.2. will/more /?/ sandwich / they / want/. 3. will / happy / her / she / results /be / exam / with / 4. next week/ the

Please help quick! I’ll mark Brainliest

Which of these factors make hydrogen fuel cells a better option than burning fossil fuels? -Hydrogen fuel cells have a higher energy efficiency. -Hydrogen fuel

Simplify and Determine the coefficient of: Please help.

Each employee in a company is either right-handed or left-handed. 32 of the 54 employees are female. 18 of the 41 right-handed employees are male. Complete the

Explain the The fifth term of a non-linear sequence is 324. The term-to-term rule is ‘multiply by 3? Work out the second term of the sequence. Explain the metho

At elevated temperatures, hydrogen iodide may decompose to form hydrogen gas and iodine gas, as follows: 2HI(g) ⇌ H2 (g) + I2 (g) In a particular experime

Solve the inequality 5x < 16 +x. x < 1/4 x>1/4 x<4 x>4