ryla45 ryla45
  • 03-01-2019
  • Mathematics
contestada

how much money invested at 5% compounded continuously for 3 years will yield at $820?

Respuesta :

Mammoet
Mammoet Mammoet
  • 03-01-2019

Answer:

Percentage of interest at which the money is invested = 5%

Time for which the money is invested = 3 years

The final amount after 3 years = $820

Let us assume the principal amount = x dollars

We can conclude that the principal amount invested was $708.35.


Answer Link

Otras preguntas

We are looking to hire someone who has a strong _____ in management.
simplify (2⁹×3⁵)×(2⁴×3)²​
Which of these is a function of the digestive system? A. transports nutrients to other organs B. eliminates nondigestible waste regulates blood flow D. builds b
Can someone please help me with this question.
Answer needed please!?
a substance formed when two or more chemical elements are chemically bonded together?
Y(a - b) = c(y + a);y
Find the x- and y-intercepts. −3x−y=15
All alkalis are bases but all bases are not alkalis, why ?
becky drew a scale drawing of a stop sign. her scaled drawing had a width of 7 inches and the actual sign had a width of 3 1/2 feet what is the scale of her dra