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3 years ago

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

Mathematics

1 answer:

Pani-rosa [81]3 years ago

3 0

The formula is

A=p e^rt

A future value?

P present value 3000000

e constant

R interest rate 0.06

T time 35 years

A=3,000,000×e^(0.06×35)

A=24,498,509.73

Hope it helps!

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Read 2 more answers

What are the next three terms in the sequence 1, 7, 13, 19, ... ?

mote1985 [20]

Answer:

The next three terms in the sequence are: 25,31, 37

The required sequence is: 1, 7, 13, 19,25,31, 37

Step-by-step explanation:

We need to find the next three terms in the sequence 1, 7, 13, 19, ...

First we need to find the difference between the terms

If we observe:

First term ; 1

Second term is : 1+6 = 7

Third term is: 7+6 = 13

Fourth term is: 13+6 = 19

So adding 6 to previous term we can find the next term as observed by the pattern

Fifth term will be: 19+6 = 25

Sixth term will be: 25+6 = 31

Seventh term will be: 31+6 = 37

So, the next three terms in the sequence are: 25,31, 37

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