Solution
Liam opened a savings account 1 year ago. The account earns 11% interest, compounded continuously. If the current balance is 10, 000.00, how much did he deposit initially?
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
The sum of two numbers is 15. Twice the large number plus 4 times the smaller number is 24. Find the large number.5.715 to exact numbersix more than the quotient of a number and 9 equal 2Roberta invested a principal amount of 3114.00 with a rate of 4% that compounds continuously.It has been accruing interest for 22 years.What total value does Roberta now have?The radius of a circle is 3 ft. Find its circumference in terms of pipi.