parismodz123 parismodz123
  • 12-02-2019
  • Mathematics
contestada

How much would $600 invested at 8% interest compound continuously be worth after 3 years ?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 12-02-2019

Answer:

  $762.75

Step-by-step explanation:

The amount is given by the formula ...

  A = Pe^(rt) . . . where A is the account balance, P is the principal, r is the annual interest rate, and t is the number of years

Filling in the given values, you get ...

  A = $600·e^(.08·3) ≈ $762.75

Answer Link

Otras preguntas

Kelp and other various types of seaweeds are examples of ________ .a. green algaeb. blue-green algaec. brown algaed. yellow algae
What is the difference between a philosopher and a philologist? Please answer quickly; this is due tommorrow
why is 5/12 greater than 3/4
Why was Franz Ferdinand assassinated?I have to draw a political cartoon depicting the assassination from the point of view of a Serbian nationalist or an Austri
What is the process of learning to live without drugs called?
If a runner covers 400 meters in 50 seconds, what is the runners average speed? What if the runner takes 60 seconds to cover the same distance?
If a heterozygous plant seed color (Rr) is crossed with a homozygous recessive plant (rr), what is the probability of each seed color being produced?
Can someone plz help me with the bottom part
marty ate 4/6 of his pizza and luis ate 5/6 of his pizza. marty ate more pizza than luis. how is that possible?
which is greater 1 gal or 15 c