cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

when were the Articles of Confederation agreed to by Congress and ratified
Describe how you made a line plot in this lesson
170is 40%of what number
Sally had a book collection that she had been working on for quite a while. She was given seventeen books from her 6th grade teacher and now she has 56 books. H
Six rectangles each with a common base width of 22 have lengths of 1,4,9,16,251,4,9,16,25, and 3636. What is the sum of the areas of the six rectangles?
Dome-shaped roofed structures built to house sacred Buddhist items of worship are called _____.
how many planets are there?
Who invented the pink flamingo lawn ornament?
why did the authors of the constitution want to avoid political parties
If t = the tens digit and u = the ones digit, which expression shows the value of interchanging the digits in a two digit number?