2 years ago

Peter puts 8000 into a savings account that pays 6% interest, compounded continuously. After 5 years, Peter will have ( $)

1 answer:

5 0

We have to calculate the amount of money Peter will have in his account after 5 years. Formula for the amount after t years with interest compounded continuously : A = P * e ^(rt)
We know that r = 0.06, t=5, e = 2.71 and p= $8,000
A = 8,000 * 2,718 ^(0.06 * 5) = 8,000 * 2,718 ^ (0.3) = 8,000 * 1.3488158 = 10,798.53 so the answer is 10,798.53

You might be interested in

What is the surface area & volume of each of the shapes?

shusha [124]

Its asking for the units being used so the answer is Inches

7 0

2 years ago

If y + 7 = 9, what does y equal?<br> +

asambeis [7]

Y=2
If you subtract 9-7 you get the answer 2 which makes y=2.

7 0

2 years ago

Find the distance between the points (4, 3) and (0, 3).

Salsk061 [2.6K]

The correct answer is B.) 4

7 0

2 years ago

Can the sides of a triangle have lengths 1, 3, and 10?

Troyanec [42]

Answer:

yes the sides of a triangle can have all those sides

3 0

2 years ago

a lever will balance if the mass of object 1 times its distance from the fulcrum equals the ma's of object 2 times its distance

Afina-wow [57]

If the distance between the fulcrum and the effort is increased, the distance that the effort must move the lever increases as well. Conversely, if the distance between the fulcrum and the load is decreased, the distance that the lever must move also decreases.

so we have too apply more force to pull the lever cause the distance is 1x smaller then mia lever so on mia lever we ull moree to get it to move!

4 0

2 years ago