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Firdavs [7]
3 years ago
10

If $3 000 000 is invested at 6 interest compounded continuously, how much will the investment be worth in 35 years?

Mathematics
1 answer:
Sidana [21]3 years ago
3 0

Continuous compounding is computed using the product of interest rate and time as the power of e, the base of natural logarithms. That exponential is the multiplier of the initial amount.

... $3,000,000 × e^(.06×35) ≈ $24,498,509.74 . . . . matches choice A

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Answer:

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Step-by-step explanation:

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<u>Equations as per question:</u>

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<u>Eliminate b and solve for x:</u>

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2 years ago
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3 years ago
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5 0
2 years ago
A pancake recipe uses 1/4 cup of all-purpose flour and 1/4 cup of rice flour. What is the ratio of all-purpose flour to rice flo
inna [77]

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1:1 ratio

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3 0
3 years ago
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vovikov84 [41]

Answer:

x = (+ - ) 9

Step-by-step explanation:

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This is one of those times as well. the opposite of ^2 = square root.

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