austin2020jordan
austin2020jordan austin2020jordan
  • 02-06-2022
  • Mathematics
contestada

You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have in the account in 10 years?

Respuesta :

jdoe0001 jdoe0001
  • 02-06-2022

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$4000\\ r=rate\to 7\%\to \frac{7}{100}\dotfill &0.07\\ t=years\dotfill &10 \end{cases} \\\\\\ A=4000e^{0.07\cdot 10}\implies A=4000e^{0.7}\implies A\approx 8055.01[/tex]

Answer Link

Otras preguntas

Order the numbers from least to greatest 1.6, -2/3, -0,5, 3/2, - 5/2 AND Order the numbers from least to greatest 3/4,-1.7,0.6,-7/4,1.1 SOMEONE PLEASE HELP ME
the density of earth's atmosphere is 1.217 kg m^-3 calculate the density of venus' atmosphere
Which of the following statements about the nucleus is true? A. Able to be lost or gained in chemical reactions. B. Contains nearly all of the mass of the atom.
what is control group ​
A limit that defines the edges of a system and the divisions within a system * A. constraint B. criteria C. prototype D. prototype Which one is right? HELP PLS
someone pls help me 20 points
if u want points type somthing
pleasee help asapp .
What is the main reason Sam is so actively engaged with the text he is reading? When Sam's science teacher assigns the class some online reading assignments abo
IN Evercke i - trouve la bonne conjugaison 1) е 2) Elle 3) Nous 5) Vous 6) is 8) Pierre et to 7) Maman et moi Exercice 2 traduction français → anglais 0 Je suis