michellegalvanp
michellegalvanp michellegalvanp
  • 05-03-2018
  • Mathematics
contestada

how much would 500 invested at 4 interest compounded continuously be worth after 7 years round your answer to the nearest cent?

how much would 500 invested at 4 interest compounded continuously be worth after 7 years round your answer to the nearest cent class=

Respuesta :

jdoe0001 jdoe0001
  • 05-03-2018
[tex]\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$500\\ r=rate\to 4\%\to \frac{4}{100}\to &0.04\\ t=years\to &7 \end{cases} \\\\\\ A=500e^{0.04\cdot 7}\implies A=500e^{0.28}[/tex]
Answer Link

Otras preguntas

I have 1,000 riyals in ten and five riyal notes. If the number of ten riyal notes that I have is ten more than the number of five riyal notes, how many notes do
Determine if the function is odd, even or neither. Explain your answer
How we’re all of the English colonies in America the same?
32 million people in the labor force in 163 million total adults in a state, what is the percentage in the labor force?
Which group contains only molecules that are each assembled from smaller organic compounds? proteins, water, DNA, fats 2. proteins, starch, carbon dioxide, wate
Can someone help me on this
Was a military for that protected the mission
4. Locate the data and observations collected in your lab Juide. What are the key results? How would you best summarize the data to relate your findings?
Who did European slave traders rely on to supply them with slaves?
7th-grade math help me, please :(