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Populaire Word Problems >

Find the accumulated value of an investment of 1000 at 7.5% compounded continuously for 6 years.

Solution

F in d t h e a cc u m u l a t e d v a l u e o f an in v es t m e n t o f 1000 a t 7.5% co m p o u n d e d co n t in u o u s l y f or 6 ye a rs .

Solution

Amount : 1568.31

étapes des solutions

Translate the problem into an equation:

A = 1000 e^{0.075 \cdot 6}

1000 e^{0.075 \cdot 6} = 1568.31218 \dots

Arrondir à hundredth la plus proche:

1568.31

Amount : 1568.31

Exemples populaires

Luca puts 3,000.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 4 years?six less than the product of 7 and a number equals 2.Find odd consecutive odd numbers whose sum is 144 48 is 12% of what number The sum of two numbers is 38. The larger number is seven less than twice the smaller number. Find the numbers.