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Beliebt Word Problems >

Marion decides to invest 2300 at 10% interest compounded continuously. Find the value of the investment after ten years.

Lösung

M a r i o n d ec i d es t o in v es t 2300 a t 10% in t eres t co m p o u n d e d co n t in u o u s l y . F in d t h e v a l u e o f t h e in v es t m e n t a f t er t e n ye a rs .

Lösung

Amount : 6252.05

Schritte zur Lösung

Translate the problem into an equation:

A = 2300 e^{0.1 \cdot 10}

2300 e^{0.1 \cdot 10} = 6252.04820 \dots

Round to the nearest hundredth:

6252.05

Amount : 6252.05

Beliebte Beispiele

The sum of three consecutive odd integers is 39 . Find the integers.Suppose you deposit 2,000 in a savings account that pays interest at an annual rate of 6%. How much will be in the account after 3 years?The product of a number and 6 is 54 What is the result when the number 36 is decreased by 50%?3 more than a number is greater than 27