cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

The equation y=31314*1.06^x estimates the population of a town x years after the years 1995. what is the estimated population of the town in the year 2000 A) 33
How do I solve for 8/(y+3) = 4/3y
How has Odysseus changed, based on his behavior during the supreme ordeal? He has learned to be clever when facing foes. He has become more confident in himse
What is the value of x? 1/2(x-14)+11=1/2x-(x-4)
three primary goals for education
Draw a picture that represents 24/6
express the number in decimal notation. 5.2 �� 104 a. 5200 b. 208 c. 520,000 d. 52,000
Why do Americans hate communism so much?
Healthy blood vessels do what more easily?
Tracy is creating an outline for a paper on the pros and cons of using technology in classrooms. Match the parts of the outline to the correct sections.