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פּוֹפּוּלָרִי Word Problems >

Evan invests 5,358 in a retirement account with a fixed annual interest rate of 6% compounded continuously. What will the account balance be after 17 years?

פתרון

E v an in v es t s 5, 358 in a re t i re m e n t a cco u n t w i t h a f i x e d ann u a l in t eres t r a t e o f 6% co m p o u n d e d co n t in u o u s l y . Wha t w i ll t h e a cco u n t ba l an ce b e a f t er 17 ye a rs ?

פתרון

Amount : 14858.78

צעדי פתרון

Translate the problem into an equation:

A = 5358 e^{0.06 \cdot 17}

5358 e^{0.06 \cdot 17} = 14858.77754 \dots

Round to the nearest hundredth:

14858.78

Amount : 14858.78

דוגמאות פופולריות

five more than the quotient of a number and 4 is equal to 9 If a computer was sold for 1200 at a loss of 20%, what was the cost price?The sum of three numbers is 81. The third number is 2 times the first. The second number is 7 less than the first. What are the numbers?If a number is added to the numerator of 3/7 and the same number is subtracted from the denominator, the result is 4. Find the number.If 1200 is invested in an account that earns 9.01% compounded annually for 6 years, find the interest earned during each year and the amount in the account at the end of each year.