en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Find the balance if 19000 is invested in an account paying 6.5% interest compounded continuously for 21 years.

Solution

Find the balance if 19000 is invested in an account paying 6.5% interest compounded continuously for 21 years.

Solution

Amount : 74398.74

Solution steps

Translate the problem into an equation:

A = 19000 e^{0.065 \cdot 21}

19000 e^{0.065 \cdot 21} = 74398.73798 \dots

Round to the nearest hundredth:

74398.74

Amount : 74398.74

Popular Examples

micheal is 3 times as old as bradon. 18 years ago, micheal was 9 times as old as bradon. how old is micheal now The circumference of a circle is 7pi cm. What is the area, in square centimeters? Express your answer in terms of pipi.Find two consecutive whole numbers that sqrt(60) lies between.The area of a rectangular field is 5742 m^2. If the width of the field is 58 m, what is its length?Miko's age seven years from now will be three less than twice his age three years ago. How old is Miko now?