cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

what is 2,837 3,990=
how many degrees are there in a right angle
A bag contains two red balls and five blue balls. You draw out a ball, record its color, replace it, and then draw out a second ball. What is the probability th
During the budget crisis in California, RCC was forced to cut 216 sections of classes for the Fall 2011 term. This was a 15% cut.
Which tools would sara use to find an irregularly shaped object’s mass and volume? a meter stick, a ruler, and water a meter stick, a balance, and water a balan
what was the effect of musa’s visit to cairo?
is 5.063 bigger than 5.9
Need help with my homework!!what river do Syria Israel and Jordan share
what is the first species of humans found outside africa? homo sapiens homo erectus homo habilis
How many mL of C16H34 are needed to react with 0.050 mol O2, assuming complete combustion occurs? The density of C16H34 is 0.80 g/mL.