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Popular Word Problems >

Find the future value and interest earned if 8704.56 is invested for 7 years at 5% compounded continuously

Solução

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 7 ye a rs a t 5% co m p o u n d e d co n t in u o u s l y

Solução

Amount : 12352.36

Interest : 3647.8

Passos da solução

Translate the problem into an equation:

12352.36 = 8704.56 + I

Resolver para

I, 12352.36 = 8704.56 + I : I = 3647.8

Amount : 12352.36

Interest : 3647.8

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