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

Which of the following characteristics of living things explains why plants bend and grow towards a light source? A)they are made of one or more cells B)the re

For daily water consumption, many experts recommend drinking ____________ of your body weight in ounces.

What is another Hyperbole for Exercise, Mountains, and strength?

Find the zeros and state whether the multiplicity of each zero is even or odd. What are the zeros of f?

Which BEST expresses how the author creates a sense of actually being at the Metropolitan Opera House? A) expressive dialogue between the narrator and othe

Which of the following statements regarding ethnic identity formation is accurate? A) Experiences of discrimination will only decrease the strength of one’s et

4 x + 3 y = 20 2 x + y = 7 4x+3y=20 2x+y=7 if ( x , y ) = ( a , b. (x,y)=(a,b) is a solution to the system of equations above, what is the value of b b ?

How is heat transferred away from the surface of the moon?

After the annexation of Texas, Sam Houston later served as the Speaker of the House. a representative from Texas. a vice president. a senator from Texas.

What did toussaint louverture and simon bolivar have in common?