he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

you invest 4000 dollars in an account to save for college. It pays 4.5% annual interest compounded continuously. what would be the balance in the account after 2 years

פתרון

yo u in v es t 4000 d o ll a rs in an a cco u n t t o s a v e f or co ll e g e . I t p a ys 4.5% ann u a l in t eres t co m p o u n d e d co n t in u o u s l y . w ha t w o u l d b e t h e ba l an ce in t h e a cco u n t a f t er 2 ye a rs

פתרון

Amount : 4376.7

צעדי פתרון

Translate the problem into an equation:

A = 4000 e^{0.045 \cdot 2}

4000 e^{0.045 \cdot 2} = 4376.69713 \dots

Round to the nearest hundredth:

4376.7

Amount : 4376.7

דוגמאות פופולריות

65. An account with an initial deposit of $6,500 earns 7.25% annual interest, compounded continuously. How much will the account be worth after 20 years?Mason earned 1,000.00 from a summer job and put it in a savings account that earns 13% interest compounded monthly. When Mason started college, he had 3,094.00 in the account which he used to pay for tuition. How long was the money in the account?Round your answer to the nearest month.the sum of two consecutive integers is 63 Two less than seven times the sum of a number and five is 40 If the sum of two consecutive odd integers is 96, find the integers.