Seudónimo Seudónimo
  • 08-01-2018
  • Mathematics
contestada

How much would 200$ invested at 4% interest compounded continuously be worth after 5 years?

Respuesta :

altavistard
altavistard altavistard
  • 09-01-2018
Use the formula A = Pe^(rt).

Here,

A = $200e^(0.04*5) = $200(1.221) = $244.28 (rounded to the nearest cent)
Answer Link

Otras preguntas

Should people be allowed to protest outside of politicians houses? Explain why or why not
I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER
Help! A glass of hot cider is 105°C at the time t = 0. It is surrounded by air at a constant temperature of 25°C . If stirred, its temperature in °C is modeled
How long does it take to bleed out from a stab wound?.
Fighting off the spanish has been hard work, but gaining land in the new colony is worth all the efforts. who said this?
Write the equation of the line that passes through the points (7,8) and (9,-9).
julio had to lose 68lb in 8 months to be eligible for them team . which graph represents this solution?
Jackie is 5 feet, 3 inches tall. What is Jackie's height in inches?
Jason has two bags with 6 tiles each. The tiles in each bag are shown below: Without looking, Jason draws a tile from the first bag and then a tile from the sec
21-3+18÷6=6 Determine if True?