mica8ANortevaney
mica8ANortevaney mica8ANortevaney
  • 15-08-2016
  • Mathematics
contestada

If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

Respuesta :

W0lf93
W0lf93 W0lf93
  • 14-07-2017
The amount in compund interest will be given by A = Pe^rt where, P is the principal value i.e. $535, r is the rate i.e. 6% i.e r= 0.06and t is the time = 10 years. The, A = $535 * 1.82, or A = $974.83. Thus the investment will be equal to $535 after 10 years.
Answer Link

Otras preguntas

in the following equation, which product is a diatomic molecule 2Na+2 HCl. 2NaCl+H
What nation is located on a peninsula?
The area of a rectangular wall of a barn is 55 square feet. It's length is 6 feet longer than the width. Find the length and width of the wall of the barn.
The weekly fee for staying at the Pleasant Lake Campground is $20 per vehicle and $10 per person. Last year, weekly fees were paid for v vehicles and p persons
why do you think accurate measurement of time became possible much after accurate measurement of length and mass
Find the slope: 4x - 5y = 20 A: 5/4 B: 4/5 C: -4/5 D: -5/4
3 is 0.2 percent of what number?
If Dave drives at a steady speed of 50 miles per hour, how long will it take him to drive 10 miles? A: 12 minutes B: 10 minutes C: 15 minutes D: 30 minutes
Which one of the following expressions has an even integer value for all integers a and c ? F. 8a + 2ac G. 3a + 3c H. 2a + c J. a + 2c K. ac + a^2
If an impulse is a fraction of a second and 30 impulses equal 1/2 second, how many seconds is represented by 90 impulses?