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Popolare Word Problems >

Find the future value and interest earned if 8704.56 is invested for 8 years at 6% compounded continuously

Soluzione

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f 8704.56 i s in v es t e d f or 8 ye a rs a t 6% co m p o u n d e d co n t in u o u s l y

Soluzione

Amount : 14067.22

Interest : 5362.66

Fasi della soluzione

Translate the problem into an equation:

14067.22 = 8704.56 + I

Risolvi per

I, 14067.22 = 8704.56 + I : I = 5362.66

Amount : 14067.22

Interest : 5362.66

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