If $5,000,000 is invested at 4% interest compound continuously how much will the investment be worth in 30 years
1 answer:
The formula for continuously compounding is 
, where P is the initial investment amount, e is Euler's number, r is the interest rate in decimal form, and t is the time in years. For us that looks like this: 
. Simplifying a bit gives us 
. There is a button on your calculator to find the value of e^1.2. Hit 2nd then ln and you'll see "e^ " on your display. Enter 1.2 and hit "enter" to get that e^1.2 is equal to 3.320116923. Now multiply that by your P value of 5 million to get A(t) = $16,600,584.62
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Answer:
6 students at the preschool of four years old attended the full day program.
Step-by-step explanation:
Given:
Number of four years old students = 16
fraction of four years old students attended full day program =
We need to find the number of four years old students attended the full day program.
Solution:
Now we can say that;
number of four years old students attended the full day program is equal to fraction of four years old students attended full day program multiplied by Number of four years old students.
framing in equation form we get;
number of four years old students attended the full day program =
Hence 6 students at the preschool of four years old attended the full day program.