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

GIVING BRAINLIEST AND 30 POINTS TO BEST ANSWER!! REMEMBER, FOLLOW DIRECTIONS. YOU CAN DO IT! :D

It’s kinda confusing?

Events that cannot happen at the same time are called?

balance the equation ___NaBr + ___ Ca(OH)2 -----> ___CaBr2 + ___NaOH

I have this equation that I tried to factor: 2m^2 +7m+6 I got (2m+1)(m+6) because 6*1=6 and 6+1=7 but after confirming it with an algebra solving site, the answ

A square with diagonals is shown. The distance from one point to the middle point is 3. The length from the center point to another point is 3. What is the appr

Cisneros explicitly says writers need a(n) _____.

A bottle of perfume is spherical with a diameter of 36 mm. Calculate the capacity of the bottle, in mL.

What are the similarities and differences between traveling by road and by water?

0.90 g of sodium hydroxide ( NaOH ) pellets are dissolved in water to make 3.0 L of solution. What is the pH of this solution