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?

Solución

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?

Solución

Amount : 27710.24

Pasos de solución

Translate the problem into an equation:

A = 6500 e^{0.0725 \cdot 20}

6500 e^{0.0725 \cdot 20} = 27710.24434 \dots

Round to the nearest hundredth:

27710.24

Amount : 27710.24

Ejemplos populares

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.carol gave a 15% deposit on a diamond bracelet. the deposit was \$73.50 what was the cost of the bracelet