laywashington laywashington

20-03-2017
Mathematics

contestada

Find the amount in an account if $7,000 is invested and is compounded continuously for 5 years at a 2% interest rate

Respuesta :

wolf1728 wolf1728

20-03-2017

(See attached formula)
("e" = 2.718281828)
Total = principal * e ^ (rate * years)
Total = 7,000 * e^(.02*5)
Total = 7,000 * 2.718281828^.1
Total = 7,000 * 1.1051709181
Total = 7,736.20

Ver imagen wolf1728

Answer Link

Otras preguntas

WILL UPVOTE! MULTIPLE CHOICE! Which of the following were basic principles of the know-nothing party A. Anti-immigrant, anti-Catholic B. Less federal government

The linear function f(x) passes through the points (1,2) and (3,0). A few values from the exponential function g(x) are shown in the table What is the positive

what was the AVERAGE cost of gasoline in the U.S. in 2006, 2007, 2008, and 2009.

A line on a graph shows a proportional relationship between the weight, x, in pounds of apples purchased and the total cost y. Two points on the graph are locat

Tina rolls a ball across the floor what type of force is it

51. Anaerobic respiration does not use _______ gas it happens in one process (after glycolysis) called

jackson democracy is associated with which of these characteristics?

Which is expressed with the MOST precise language? A) The desk was rectangular in shape. B) In my personal opinion, the test was easy. C) Heidi has piano

please anwser the ones you can see.

Which numbers are a distance of 3 units from 12 on the a number line? A. 3 & -15 B. 15 & 9 C. 0 & -9 D. 3 & 12