ineedanswersbadlylol ineedanswersbadlylol
  • 19-11-2021
  • Mathematics
contestada

Use the formula for continuous compounding with the data from the original example: $10,000 invested at 3% for 1 year. Record the amount to 5 decimal places. Use a calculator.

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 19-11-2021

Answer:

  $10,304.54534

Step-by-step explanation:

The compound interest formula is ...

  A = Pe^(rt)

Substituting the given values, we get ...

  A = $10,000·e^(0.03·1) ≈ $10,304.54534

Answer Link

Otras preguntas

physical properties of toothpaste
What is the main reason that attitudes are more often revealed in spoken rather then written language
The weight of an object is the force generated by Earth's gravity accelerating the object's _________. distance mass time destiny
What's the location of the Aztec empire?
Help!!! Quick!!! Need help!!! 8 Points!!! Write a short paragraph about nationalism. In your paragraph: Describe or define nationalism Identify two important p
According to the Declaration of Independence what are the three most basic rights
How can you check the solution to x + 5 = 3x - 1 using algebra tiles?
Three boxes of cereal weigh 379.4 grams, 424.25 grams and 379.37 grams.What is the difference between the lightest and heaviest box?... (D) 45.12 grams. Cambria
An _______ is writing or speech primarily intended to convey information or to explain. A. auto-biography B. exposition C. biography D. essay
A car with s mass of 2000 kilograms is moving around a circular curve at a uniform velocity of 25 meters per second. The curve has a radius of 80 metered. What