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

If 24 marbles have a mass of 60g, what would the mass of 60 marbles be?
a man builds an ark and is saved from the flood common to both or NOT common to both
PLEASE HELP ME WITH THIS
What does the underlined word mean in the following sentence? La primera cantante en el programa es Shakira. teacher singer plumber manager
Why does carbonic acid gives an acid salt but hydrochloric acid does not?​
10. Two primary sites for the polio virus replication?
I need help!!!!True OR False------------------------m - 63 = 37, m = 100?​
a² + b² + ab = 7 b² + c² + bc = 21 a² + c² + ac = 28 ab + bc + ac = ?
how to write a story ending with the words:"Never will I do that again"​
What is the so called "democracy deficit" in the EU?