en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Find the accumulated value of an investment of 8,000 at 9% compounded continuously for 3 years.

Solution

Find the accumulated value of an investment of 8, 000 at 9% compounded continuously for 3 years.

Solution

Amount : 10479.72

Solution steps

Translate the problem into an equation:

A = 8000 e^{0.09 \cdot 3}

8000 e^{0.09 \cdot 3} = 10479.71560 \dots

Round to the nearest hundredth:

10479.72

Amount : 10479.72

Popular Examples

Three consecutive integers have a sum of 87.Ben is 39 years old and Ishaan is 3 years old.How many years will it take until Ben is only 4 times as old as Ishaan?The difference between two numbers is 2. The smaller number is 4 more than 7 times the larger number. Find the numbers.two times a number, increased by 22 Four times a number minus twice another number is-16. The sum of the two numbers is-1. Find the numbers.