andreabrann94ovttb6 andreabrann94ovttb6

15-09-2017
Mathematics

contestada

if you deposit $1000 in an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

Respuesta :

Аноним Аноним

15-09-2017

The formula is

B = 1000e^(yr) where y = 5 years and r = 0.06 ( = 6%)

so answer is 1000e^(5*0.06) = $1349.86

Answer Link

Otras preguntas

This is the name used in the united states to describe a series of conflicts, in the 1800s, between the federal government and the native people of north americ

A newborn kitten weighs 3 ounces at birth. After four weeks, it weighs 13 ounces. Which of the following is true?.

In the 1850s, why did many runaway slaves go to canada? (1) they feared being drafted into the northern army. (2) the fugitive slave act kept them at risk in th

Six weeks gestation is confirmed in a 23 year old, moderately overweight, patient. she asks the nurse practitioner, "should i diet so i won't gain too much baby

The lady had now brought the water, which the soldier drank. He thanked her ceremoniously, bowed to her husband and rode away. An hour later, after nightfall, h

A qué hora te acuestas? Me acuesto a las diez. Acuesto a mi hermana a las diez. Te acuestas a las diez. Son las diez.

which form of political leadership is most closely associated with ivan the terrible suleiman the magnificent and phillip II of spain

a scientist recently submitted a paper to a leading scientific journal. His data asset that a new drug combination is an effective treatment for strep throat. h

Which one of the following statements accurately reflects a rule for the use of abbreviations? A. The symbol "$" may stand alone in a sentence, because it's a

How do you write an equivalent expression for 48+18x