pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Suppose an investment earns 2.5% interest compounded continuously. Find the future value of a 2300 investment after 24 years. Round your answer to the nearest cent, if necessary.

Solução

S u pp ose an in v es t m e n t e a r n s 2.5% in t eres t co m p o u n d e d co n t in u o u s l y . F in d t h e f u t u re v a l u e o f a 2300 in v es t m e n t a f t er 24 ye a rs . R o u n d yo u r an s w er t o t h e n e a res t ce n t, i f n ecess a ry .

Solução

Amount : 4190.87

Passos da solução

Translate the problem into an equation:

A = 2300 e^{0.025 \cdot 24}

2300 e^{0.025 \cdot 24} = 4190.87324 \dots

Round to the nearest hundredth:

4190.87

Amount : 4190.87

Exemplos populares

Five times the sum of a number and 9 is 3 Charlotte opened a savings account and deposited 6,000.00 as principal. The account earns 14% interest, compounded annually. What is the balance after 9 years?A rectangle as a length of 20cm and a área of 100cm what is the width of the room An amount of 17000 is borrowed for 14 years at 5.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?Tessa invests 5400 in a new savings account which earns 5.2% annual interest, compounded continuously. What will be the value of her investment after 8 years? Round to the nearest cent.