ChereeDevick297 ChereeDevick297
  • 17-07-2014
  • Mathematics
contestada

How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.

Respuesta :

Katarina4
Katarina4 Katarina4
  • 09-04-2019

Answer:

On Apex it is $332.01

Step-by-step explanation:

A(t)=P*e^rt

A(15)=100*e^0.08(15)

A(15)= 332.01

Answer Link

Otras preguntas

A bag contains 3 monster stickers and 1 princess sticker. Andrew, Betty, Calvin and Doris take turns to draw a sticker at random from the bag without replacemen
Writing Equations of Lines Write the equation of each line with the given information. Through: (-2,3), slope = -1/4
PLSSSS I NEED HELP WITH THESE 2 PROBLEMSSS
Which of the following is an organophosphate commonly used in environments where humans and pets are regularly present? O aldrin O malathion chlorpyrifos parath
Which expression has a term with a base of 8? 3xy +8 8m 28 84
A force is applied to an object to slow to object down. Causing the 100 kg object to go from a kinetic energy of 32J to 19J How work was done on the object 3200
What has it been called "'the Sabadell group'?"
mrs.anderson is making holiday gif bags for her students. She bought 2019 identical candies, and she wants the number of candies in any two goodie bags to be ei
A sled riding minion with a combined mass of 52.2 kg slide down a frictionless hill that is 8.01 m high. If the sled starts from rest, what is its speed at the
Please help me! Find the value of X&Y for which ABCD must be a parallelogram!