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2 years ago

How much would $500 invested at 5% interest compounded continuously be worth after 8 years

Mathematics

1 answer:

SCORPION-xisa [38]2 years ago

8 0

A=Pe^rt
A: Total Amount
P:Principle ($500)
R: Rate 5% in decimal form
T: Time in years

A=500e^(.05*8)

A=745.912348821

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madreJ [45]

Answer:

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Step-by-step explanation:

OPQ is a right angle triangle.

Using Pythagoras

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Using quadratic formula

$x = \frac{-b \± \sqrt{b^{2}-4ac}}{2a}\\x = \frac{-(-6) \± \sqrt{(-6)^{2}-4(1)(-39)}}{2(1)}\\x = \frac{6}{2} \± \frac{\sqrt{192}}{2}\\x = 3 \± \frac{8\sqrt{3}}{2}\\x = 3 \± 4\sqrt{3}$

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2 years ago

Read 2 more answers

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Alexxandr [17]

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3 years ago

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9514 1404 393

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2 years ago

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3 years ago

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Answer:

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Step-by-step explanation:

We begin with $(0.125)^3$

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3 years ago