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

describe how Charles Lindbergh changed popular attitudes about air travel. help please TvT
- When cabbage juice turns pink, that indicates that it is in the presence of a(n)
Henry drives at a speed of 80miles per hour how long will it take to drive 400miles
what is the answer? Please
state and explain application areas where computer are applied​
How dose human activity effect the water cycle
What is the pOH if the [OH-]= 0.165 M? What is the pH of this basic solution? *Please round your answer(s) to the appropriate number of significant figures. You
Mindy looks outside her window and sees limp tomato plants in the garden. She quickly waters the plants, and by the end of the day, the plants are upright with
What is the awnser to pie A. 3.14195 B. 4.0238 C. 5.3843 D. 6.2322
Answer this correctly I'll give brainalist + 10 points