roar4kotap9ni5r roar4kotap9ni5r

01-06-2018
Mathematics

contestada

If $10000 is invested at a rate of 2.3% compounded continuously, find the balance in the account after 15 years.

Respuesta :

McChuck McChuck

07-06-2018

$10000 compounded continuously at a rate of 2.3% for 15 years will yield a final amount of $14119.9

[tex]A=10000* e^{(0.023*15)} [/tex]

[tex]A=10000(2.718281828459045)^{(0.345)}[/tex]

[tex]A=14119.9[/tex]

Answer Link

Otras preguntas

QUICK GIVING BRAINLIEST TO CORRECT ANSWER

Why does Calgary receive more precipitation in the summer months?

Write the ratio as a fraction in simplest form. 1. 8 to 14 2. 36 even : 12 odd 3. 42 vanilla to 48 chocolate Find the unit rate. 4. $2.50 for 5 ounces 5. 15 deg

Pls help!!! This assignment is worth 100 points! If anyone has ever read the book The Hatchet, please help me!!

List one chemical form, one barrier formand one behavioral form of contraception

Question 3 of 10 What type of angle is angle M?

math Question Help to solve Multiple Choice

Which Triangles are Congruent and Explain Why.

pls hurry mark brainlist Music is a form of human language meant to communicate using sound. True False

January 2, 2018, Cullumber, Inc. purchased a patent for a new consumer product for $810000. At the time of purchase, the patent was valid for 15 years; however,