it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

Money invested into an account earns 7% interest compounded continuously. How much is an initial investment of 9,500 worth in 14 years? Round to the nearest cent.

Soluzione

M o n ey in v es t e d in t o an a cco u n t e a r n s 7% in t eres t co m p o u n d e d co n t in u o u s l y . Ho w m u c h i s an ini t ia l in v es t m e n t o f 9, 500 w or t h in 14 ye a rs ? R o u n d t o t h e n e a res t ce n t .

Soluzione

Amount : 25312.33

Fasi della soluzione

Translate the problem into an equation:

A = 9500 e^{0.07 \cdot 14}

9500 e^{0.07 \cdot 14} = 25312.33429 \dots

Arrotondare all' hundredth più vicino:

25312.33

Amount : 25312.33

Esempi popolari

9 subtracted from twice a number circular plate has a raggio of 7 inches. What is the area of the plate?One number is 9 times another their sum is 216 find the no A number divided by-3 is at most-10 . What is the minimo value of the number?The sum of two consecutive integers is-25. Find the two integers