julibobnar19 julibobnar19

01-05-2018
Mathematics

contestada

peter put $8,000 into a savings account that pays 6% interest, compounded continuously. what will he have after 5 years?

Respuesta :

TheGreatWulfbite TheGreatWulfbite

01-05-2018

So, continuous compound formula is:
[tex] Pe^{rt} [/tex]
P is Principal Amount
r is Rate
t is Time
P is 8000
r is 6%
t is 5
Therefore, you get $10,798.86.

Answer Link

Otras preguntas

Can someone help me find the volume of this?

in Florida, the class E driver license license is for drivers of A. standard passenger vehicles B. commercial vehicles C. motorcycles and mopeds D. big rigs and

i. TRUE OR FALSE STATEMENTSstate whether the following statements are true or false and correct the false statements1. Atoms of all elements

Why do bases dissociate in water? They are polar They are non polar They are ionic bonded They are covalent bonded

will give brainliest to correct answer

The Second Great Awakening led to cultural advances for women in fields like:-Education -Careers -Reform work-Missionary work-All fo the above

please answer fast The vertices of a rectangle are located at the coordinates (1, 4), (1, 5), (6, 5), 1 , 4 , 1 , 5 , 6 , 5 , and (6, 4) 6 , 4 . Find the lengt

Question Solve 4n^2+8n = -15 by completing the square. Use a comma to separate multiple values.

PLEASE HELP I NEED TO TURN THIS IN RIGHT NOW James measures the water level from the top of a dock twice a day. The water level in the morning is -2 feet. The w

The Kansas-Nebraska concerned what issue? A) the right of northerners to own slaves B) the sale of federal lands to slave owners C) the expansion of slavery int