driannaaugustin driannaaugustin
  • 15-11-2021
  • Mathematics
contestada

Find the accumulated value of an investment of $2000 at 8% compounded continuously for 4 years

Respuesta :

jdoe0001 jdoe0001
  • 15-11-2021

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$2000\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ t=years\dotfill &4 \end{cases} \\\\\\ A=2000e^{0.08\cdot 4}\implies A=2000e^{0.32}\implies \boxed{A\approx 2754.26}[/tex]

Answer Link

Otras preguntas

how many ounces are in a 1 cup?​
1. Compare these objects: Object Alpha is a hoop of mass 55kg and radius .24m; Object Bravo is a disk of mass 86kg and radius .24m; Object Cha
As healthcare professionals, pharmacist co
What is the coefficient of the term of degree 5 in the polynomial below
what single-use container uses the least amount of resources from environment a plastic bottle a steel bottle a glass cup or a paper cup
Why was Kennedy giving his speech
Consider three resistors with unequal resistances connected in series to a battery. Which of the following statements are true? Check all that apply. The algeb
The method of transferring data one word at a time from the CPU to a device is called
What method did Roosevelt use to communicate directly to the American people?
Why couldn’t other societies utilize horses the same way the Mongols could?