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Populaire Word Problems >

Mark puts 800.00 into an account to use for school expenses. The account earns 13% interest, compounded continuously. How much will be in the account after 6 years?

Solution

M a r k p u t s 800.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 13% in t eres t, co m p o u n d e d co n t in u o u s l y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 6 ye a rs ?

Solution

Amount : 1745.18

étapes des solutions

Translate the problem into an equation:

A = 800 e^{0.13 \cdot 6}

800 e^{0.13 \cdot 6} = 1745.17781 \dots

Arrondir à hundredth la plus proche:

1745.18

Amount : 1745.18

Exemples populaires

The diamètre of a circle is 3 ft. Find its area to the nearest whole number.the absolute value of the quantity of 5 plus a number equals 10 If the sum of a number and four is doubled, the result is one less than the number. Find the number.: x=\square Find the area of a cercle with a radius of 8.what sit he result when the number 50 decreased by 10%