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

What is Z? ⅓ (z + 4) - 6 = ⅔ (5 - z)

pls help me simplify

Which area on the map is MOST associated with the efforts of explorer Robert de la Salle? A) 1 B) 2 C) 3 D) 4

Could you help me with what the mean would be?

The work of a student to solve the equation 3(2x − 4) = 8 + 2x + 6 is shown below: Step 1: 3(2x − 4) = 8 + 2x + 6 Step 2: 5x − 7 = 14 + 2x Step 3: 5x − 2x = 14

Ken drives his car 800 miles in 3 days. At this rate, how far will he drive his car in 5 days?

Wanda loves cats, dogs and hamsters.

Amanda and Ameilio are sharing 72 candies in the ratio of 5:7 respectively. How many candies will Ameilia receive

Dobson Construction specializes in the construction of commercial and industrial buildings. The contractor is experienced in bidding long-term construction proj

What is the median of these numbers : 101,102,100,101,99