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Popular Word Problems >

If ​90009000 is invested at 33​% compounded​ continuously, what is the amount after 88 ​years?

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Solution

If​90009000isinvestedat33​%compounded​continuously,whatistheamountafter88​years?

Solution

Amount:9.22337E16
Solution steps
Translate the problem into an equation:A=90009000e0.33⋅88
90009000e0.33⋅88=3.68297E20
Round to the nearest hundredth:9.22337E16
Amount:9.22337E16

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