julibobnar19 julibobnar19
  • 01-05-2018
  • Mathematics
contestada

peter put $8,000 into a savings account that pays 6% interest, compounded continuously. what will he have after 5 years?

Respuesta :

TheGreatWulfbite
TheGreatWulfbite TheGreatWulfbite
  • 01-05-2018
So, continuous compound formula is:
[tex] Pe^{rt} [/tex]
P is Principal Amount
r is Rate
t is Time
P is 8000
r is 6%
t is 5
Therefore, you get $10,798.86.
Answer Link

Otras preguntas

which number is 100 less than 61 tens?
Which physical feature has most limited the movement of people living in North America ?
The ratio of Sam age to Hanks is 5 to 3. If the sum of their ages is 24, how old is Hank?
what is a similar quote for Romeo and Juliet "my bounty is as boundless as the sea . My love as deep , the more i give to thee , the more i have , for both are
If the probability of giving birth to a boy is 0.52, what is the approximate probability of giving birth to 4 consecutive boys?
Which sentence correctly forms the plural of the letter R? A. Three R's make up her initials.
Who did Odysseus leave behind when he left Troy for Ithaca, and how was it destructive?
Which sentence correctly forms the plural of the letter R? A. Three R's make up her initials.
Does an Off-Duty Police Officer have Authority in US?
Given that 500w = 3 * 700, find the value of w.