fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

A certain loan program offers an interest rate of 4% compounded continuously. Assuming no payments are made, how much would be owed after seven years on a loan of \$1900

Solution

A cer t ain l o an p ro g r am o ff ers an in t eres t r a t e o f 4% co m p o u n d e d co n t in u o u s l y . A ss u min g n o p a y m e n t s a re ma d e, h o w m u c h w o u l d b e o w e d a f t er se v e n ye a rs o n a l o an o f $1900

Solution

Amount : 2513.95

étapes des solutions

Translate the problem into an equation:

A = 1900 e^{0.04 \cdot 7}

1900 e^{0.04 \cdot 7} = 2513.94664 \dots

Arrondir à hundredth la plus proche:

2513.95

Amount : 2513.95

Exemples populaires

A card from a standard deck is chosen at random, then a coin is tossed. What is the probability of getting an ace and tails?Felix has 5,483 in an account. The interest rate is 12% compounded annually.To the nearest cent, how much interest will he earn in 2 years?0.175% of what number is 69.3 The area of a cercle is 100pi square meters. What is the radius?what is the aire of a square whose diagonal is 4