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Beliebt Word Problems >

if 8000 is invested at 5% compounded continuously, what is the amount after 3 years?

Lösung

i f 8000 i s in v es t e d a t 5​% co m p o u n d e d ​ co n t in u o u s l y, w ha t i s t h e am o u n t a f t er 3 ​ ye a rs ?

Lösung

Amount : 9294.67

Schritte zur Lösung

Translate the problem into an equation:

A = 8000 e^{0.05 \cdot 3}

8000 e^{0.05 \cdot 3} = 9294.67394 \dots

Round to the nearest hundredth:

9294.67

Amount : 9294.67

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