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

why is it when you put earbud aux cords in a phone or computer they sound weird until you move the aux cord? Then it is somehow clear. Why?
do u all work on algebra reasoning ​
A bad contains 120 marbles. Some are red and the rest are black. There are 19 red marbles for every black marble. How many red marbles are in a bag
Please help me it due at 2:10 please help me will mark the brainiest please
Write an equation in standard form of the line shown.
Which reason best explains why a government might pass laws to control journalists? to help keep government newspapers in business to help keep order within the
Help me pleaseeee With the right answer
How long will it take an object to accelerate from a velocity of 4.8 m/s to a velocity of 15.6 m/s if it is accelerating at a rate of 0.9 m/s2
Which expression means 25% off an originally prices item? a. 1.25p b. P - 0.25p c. 0.25p d. P + 0.75p
Is the line through points P(2. - 7) and Q(5, 5) parallel to the line through points R(5, 5) and S(4.1)? Explain.