1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnom [1K]
3 years ago
12

if 4000000 is invested at 5% interest compounded continuously, how much will the investment be worth in 25 years??

Mathematics
1 answer:
patriot [66]3 years ago
6 0
FV = $13,961,371.83 The phrase "compounded continuously" has nothing to do with when the interest was compounded but refers to how the annual rate was miscalculated by multiplying an interval rate by the number of intervals in a year. Such rates are called "nominal" rates as they are known to be incorrect but close. A compounded continuosly rate is the worse that such a rate could be from the true rate and is when the number of intervals is infinite. Basically 5% per annum compounded continuously is really more like 5.1271% per annum.
You might be interested in
Alyssa accepted a new job at a company with a contract guaranteeing annual raises. Alyssa will get a raise of $4000 every year a
Ksivusya [100]

Answer:

S = 4000n + 4500

Step-by-step explained

S = 4500

N = 0

Slope = 4000

Answer - S=4000n + 45000

7 0
4 years ago
In a school, the ratio of teachers to girls is 1:7 while that of boys to girls is 3:4, If there are 280 girls in the school, wha
Nuetrik [128]

Answer:

The total number of pupils and their teachers = 530

                                                                             

Step-by-step explanation:

No. of girls in the school = 280

The ratio boys to girls is 3:4 and that of teachers to girls is 1:7

∴ The ratio boys to girls is 3x : 4x where, 4x = 280

and The ratio of teachers to girls is x : 7x where, 7x = 280

4x = 280

\frac{280}{4\\} = x

70 = x

So, the no. of girls in the school = 4x = 4(70) = 280 and the no. of boys in the school  = 3x = 3(70) = 210

7x = 280

\frac{280}{7\\} = x

40 = x

So, the no. of girls in the school = 7x = 7(40) = 280 and the no. of teachers in the school = x = 40

∴ The total number of pupils and their teachers = 280 + 210 + 40

                                                                             = 530

3 0
3 years ago
Which gives the correct order of steps needed to multiply the problem below?
Natali [406]

Answer:

Multiply the ones. 8 times 95 is 760. Multiply the tens. 20 times 95 is 1,900. Add the products to get 2,660.

Step-by-step explanation:

Multiply the ones. 8 times 95 is 760. Multiply the tens. 20 times 95 is 1,900. Add the products to get 2,660.

4 0
3 years ago
Read 2 more answers
Simplify the expression. 3/a-9b
Serhud [2]
We are given with the expression 3/a - 9b = y and is asked to simplify the given equation. in this case, the first step is to multiply both terms with a. this results to 3 - 9 ab. = ay  Since the two terms have different variables, this is the simplified form. the answer is <span>3 - 9 ab  = ay </span>
3 0
3 years ago
Solve using quadratic formula<br> Show work/explain<br> X^2 - 2x - 24 = 0
iVinArrow [24]

Answer:

x = 6 , − 4

Step-by-step explanation:

4 0
4 years ago
Read 2 more answers
Other questions:
  • I don't understand 13 can someone help
    6·2 answers
  • 78% of what number is 42
    13·1 answer
  • Jacob makes the following statement:
    7·2 answers
  • Function limits: Solve the activities in each image (full development)
    15·2 answers
  • What is the value of the expression<br> -8 + 14?
    13·2 answers
  • What is the difference between an expression and an equation? Answer using RAE.
    14·1 answer
  • What's ƒ(g(4)) if ƒ(x) = 3x2 – 3x + 6 and g(x) = 2x?
    5·1 answer
  • I need help whoever answers this question will be the brainliest!!!
    5·1 answer
  • PLEASE HELP DUE IN 30 MINUTES
    13·2 answers
  • F(x) = x - 1. Find the inverse of f(x).
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!