jocelynreyes3030 jocelynreyes3030

02-03-2020
Mathematics

contestada

How much would $500 invested 4% interest compounded continuously be worth after 7 years?

Respuesta :

goddessboi goddessboi

02-03-2020

Answer:

$661.56

Step-by-step explanation:

Formula for compounded interest -> I=Pe^(rt)

I=500(e^(0.04*7))

I=500(e^0.28)

I=661.56

So the value after 7 years would be $661.56

Answer Link

Otras preguntas

Discuss potential reasons why children suffer more water injuries and deaths than the average?

Evaluate the permutation P(8,3)

Identify the cause and effect of the Haymarket Riot

Help Please! ∠1 and ∠2 are complementary. ∠1=x°∠2=(3x+30)° What is the value of x?

The slop of the tangent line g(x) = 1 - x^2 at x= -1

Reduce fractions expressing probability to lowest terms. In 3,000 repetitions of an experiment, a random event occurred in 500 cases. The expected probability

On number 1 please.

Solve the system of equations. 2x-y=5 3x+2y=4 A.) (3,1) B.) (0,2) C.) (2,-1) D.) (9/7,17/7)

how did mummification reflect egyptian beliefs about the afterlife? a. Egyptians believed in an afterlife in which people need their bodies b. Egyptians believe

Rusty Pickins, a gold miner, has just found a chunk of gold. Rusty would like to change the gold from a solid to a liquid, so that he can pour it into bars.