jocelynreyes3030 jocelynreyes3030

02-03-2020
Mathematics

contestada

How much would $500 invested 4% interest compounded continuously be worth after 7 years?

Respuesta :

goddessboi goddessboi

02-03-2020

Answer:

$661.56

Step-by-step explanation:

Formula for compounded interest -> I=Pe^(rt)

I=500(e^(0.04*7))

I=500(e^0.28)

I=661.56

So the value after 7 years would be $661.56

Answer Link

Otras preguntas

Which sentence best uses academic vocabulary?

What is the volume of the right rectangular prism? 15 mm Î Area of base = 49 sq. mm O 64 mm³ 3 O 128 mm³ O 735 mm³ O 1,470 mm³

Jim is designing a seesaw for a children's park. The seesaw should make an angle of 30° with the ground, and the maximum height to which it should rise is 1 met

While Al was staying overnight on vacation with his friends his only expenses were for food. Al spent $7.52 on lunch, $9.74 on dinner, and then $5.16 on breakfa

What is the y-intercept of f(x) = 3x 2? a. (9,0) b. (0,9) c. (0,-9) d. (9,-9)

If a translation maps ∠D onto ∠B, which of the following statements is true? ∠E ≅ ∠C segment CE ≅ segment CA ∠E ≅ ∠A segment CD ≅ segment CB

Write 3 + 2 log z - log(x² + 2x + 1) +1/2 log y as a single logarithm with coefficient 1.

{d(1) = 2.7 d(n) = d(n-1) x (6.1) find the explicit formula for d(n) d(n) = ?

The table shows points that lie on the line.

Use the points (0, 4) and (-2, 3) to find the slope of the line and give the equation of this line.