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 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

Using the formula P = I * V, if current (I) is 10A and voltage (V) is 120V, what is the power (P) in watts? a. 1200 watts b. 1.2 kW c. 1000 watts d. 12 kW
Which philosophy did the Social Security Act demonstrate
Which factors may increase the likelihood of a person using drugs?a.experiencing depressionb.family members using drugsc.favorite celebrities using drugsd.havin
How much radiaton does a modern day phone have?+does it harm the human body?​
Please help me with the question i have put
The HCF and LCM of two numbers x and y are respectively 27 and 2079 if x is divided by 9 the quotient is 21 then find y
what word contains the ketters N and Y and a?
what is a raven?.....​
Slope line passing (-4,-7) and (-2,-3)
grade 12 speech topics​