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Populaire Word Problems >

Find the future value and interest earned if 8706.54 is invested for 9 years at 5% compounded continuously

Solution

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f 8706.54 i s in v es t e d f or 9 ye a rs a t 5% co m p o u n d e d co n t in u o u s l y

Solution

Amount : 13654.57

Interest : 4948.03

étapes des solutions

Translate the problem into an equation:

13654.57 = 8706.54 + I

Solutionner pour

I, 13654.57 = 8706.54 + I : I = 4948.03

Amount : 13654.57

Interest : 4948.03

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