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

Judicial branch (courts) is just as political as the executive (governor) and legislative (legislature) branches of texas government. do you agree or disagree?
List two specific mental disorders that affect over seven million Americans per year.
Please help me with this question
I need help answering this question can someone please help me
How did events in Europe cause problems for the young United States in the 1790s
Evaluate the exponential function.1. Find F(3) for the function below. F(x)=4^x
It is estimated that in Florida alone, almost 4,500 deaths occur annually due to __________ use. A. alcohol B.drug C.cocaine D. None of the above
Algebra problem #1 help (pic included)
The maize culture of the southwest was most similar to the pre-columbian culture of the
which statement best illustrates using the vertical line test to determine if the graph below is a function of x ? A) the graph is not a function of x because