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Populaire Word Problems >

Find the accumulated value of an investment of 7000 at 7% compounded continuously for 3 years.

Solution

F in d t h e a cc u m u l a t e d v a l u e o f an in v es t m e n t o f 7000 a t 7% co m p o u n d e d co n t in u o u s l y f or 3 ye a rs .

Solution

Amount : 8635.75

étapes des solutions

Translate the problem into an equation:

A = 7000 e^{0.07 \cdot 3}

7000 e^{0.07 \cdot 3} = 8635.74641 \dots

Arrondir à hundredth la plus proche:

8635.75

Amount : 8635.75

Exemples populaires

The sum of 4 consecutive integers is 326.Find 63.43% of 406. Round to the nearest thousandth.Determine the simple interest for this loan-round your answer to the nearest cent:2,360.16 at 7.36% for 58 years.if the radius of a circle is 3cm what is circonférence the différence of two times a number and five is eight times the number