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

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

During a two week period, Norm worked 85.6 hours. His hourly wage is $6.92. How much did he earn? (Round the answer to the nearest cent)

The ratio of the number of boys to the number of girls in the class is 1:6. Which statement must describe the class? A) There are exactly 7 students in the

theme for the hunger games

Write a short python program to simulate flipping a coin - generate a random number between 0 and 1, calling numbers < .5 tails and numbers >=.5 heads. ha

Which of the following is NOT true about concerning jewelry? A. Bracelets provide a harbor for germs, and may cause contamination B. Rings with stones may tear

Devon is president of the minority student organization. he is listening to the dean of students present her plan for a new multicultural center so he can decid

Complete the table. Principal Interest Rate Time Simple Interest $12,000 4.25% 5 years ???

Lalasa and yasmin are designing a triangular banner to hang in the school gymnasiums. They first draw the design on paper. The triangle has a base of 5 inches a

Which territory did president Benjamin Harrison open to settlers on April 22, 1889

Complete the table. Principal Interest Rate Time Simple Interest $12,000 4.25% 5 years ???