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Popolare Word Problems >

Find the future value and interest earned if 8806.54 is invested for 8 years at 6% compounded continuously

Soluzione

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 8806.54 i s in v es t e d f or 8 ye a rs a t 6% co m p o u n d e d co n t in u o u s l y

Soluzione

Amount : 14232.02

Interest : 5425.48

Fasi della soluzione

Translate the problem into an equation:

14232.02 = 8806.54 + I

Risolvi per

I, 14232.02 = 8806.54 + I : I = 5425.48

Amount : 14232.02

Interest : 5425.48

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