fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Suppose that 2700 is borrowed for two years at an interest rate of 4% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.

Solution

S u pp ose t ha t 2700 i s b orro w e d f or tw o ye a rs a t an in t eres t r a t e o f 4% p er ye a r, 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 am o u n t o w e d, a ss u min g n o p a y m e n t s a re ma d e u n t i l t h e e n d .

Solution

Amount : 2924.88

étapes des solutions

Translate the problem into an equation:

A = 2700 e^{0.04 \cdot 2}

2700 e^{0.04 \cdot 2} = 2924.87508 \dots

Arrondir à hundredth la plus proche:

2924.88

Amount : 2924.88

Exemples populaires

One number is 6 times as large as another. The sum of their reciprocals is 49/6. Find the two numbers.Abby opened an account with a deposit of 3,000. She did not make any additional deposits or withdrawals. The account earns simple annual interest. At the end of 8 years, the balance of the account was 3,600. What was the annual interest rate on this account?What is the total interest to be paid on a 2 year \text{:3000} loan at 16% p.a. flat interest?An initial amount of \$3100 is invested in an account at an interest rate of 3.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after three years.Darren invests 4, 500 into an account that earns 5% annual interest. How much will be in the account after 10 years if the interest rate is compounded monthly?