After 10 years, you have \$8099.15 in an account that compounded continuously at a rate of 3% annual interest rate. How much money did you have in the account when you opened it?

Lösung

After 10 years, you have $8099.15 in an account that compounded continuously at a rate of 3% annual interest rate. How much money did you have in the account when you opened it?

Lösung

Principal : 6000

Schritte zur Lösung

Translate the problem into an equation:

8099.15 = P e^{0.03 \cdot 10}

Löse nach

P, 8099.15 = P e^{0.03 \cdot 10} : P = 6000

Principal : 6000

Beliebte Beispiele

at what rate percent per annum will a some of R640 amount to R774.40 in 2 years,compounded annually Suppose that 7000 is placed in an account that pays 3% interest compounded each year.Assume that no withdrawals are made from the account. Do not do any rounding. Find the amount in the account at the end of 1 year.What is the area of a triwinkel with a height of 11 cm and a base of 2 cm?the sum of 6 times a number and 9 is equal to2 kreis has area 40 square feet. Find the radius. Round your answer to one decimal place, if necessary. The radius of the kreis is feet.