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
Elina [12.6K]
3 years ago
10

Suppose that $80000 is invested at 8% interest. Find the amount of money in the account after 3 years if the

Mathematics
1 answer:
Sophie [7]3 years ago
4 0

Answer:

Compounded Annually: $100,776.96

Compounded Continuously: $101,699.93

Step-by-step explanation:

First, you are going to want to use the normal compound interest formula, which is shown below.

A=P(1+\frac{r}{n} )^{nt}

<em>P = initial balance</em>

<em>r = interest rate (decimal)</em>

<em>n = number of times compounded annually</em>

<em>t = time</em>

Change 8% into a decimal:

8% -> \frac{8}{100} -> 0.08

Now, plug in the values into the equation:

A=80,000(1+\frac{0.08}{1})^{1(3)}

A=100,776.96

--------------------------

To find the interest compound <u>continuously,</u> use the following formula:

A = Pe^{rt}

Now, plug in the values:

A=80,000e^{0.08(3)}

A=101,699.93

You might be interested in
Se empaquetaron 573 carros de juguete en cajas. Cada uno tiene capacidad para 8 coches de juguete.
jasenka [17]

Answer

creon queens B. lo siento is me equivoco

4 0
2 years ago
Find mZDCE.
svetlana [45]

Answer: C

Step-by-step explanation: Hope this help :D

6 0
3 years ago
can someone please help how did i get this wrong . the question says wich of the following could be used to estimate quotient 34
schepotkina [342]

Answer:

3500÷6= 583

Step-by-step explanation:

It is 3500, because 5, the tens can give 4, the hundred

3 0
2 years ago
If Triangle ABC is rotated 90 degrees clockwise about the origin, what will be the new coordinates of vertex B?
quester [9]

Answer:

ithe answer to your question is going to be c

6 0
3 years ago
Twenty three less than sum of forty nine and thirty seven what is the answer?
Charra [1.4K]

Answer:

63.

Step-by-step explanation:

49 plus 37 is 86. subtract that by 23 and you get 63.

8 0
2 years ago
Other questions:
  • Joe paid x dollars for a pair of jeans. Dennis bought the same pair of jeans for half as much as Joe. If they paid a total of $6
    10·2 answers
  • What is the area of this polygon in square units ?
    13·1 answer
  • it takes Joey 1/6 of an hour write one thank you card. how many cards can he write in 3/4 of an hour?
    9·1 answer
  • calculate the loan for $10,000, at an annual percentage rate of 5%, for a term of 5 years. what is the amount of accrued interes
    6·2 answers
  • What is the value of f(-3)
    5·1 answer
  • the cost of the cab was $3 for each mile plus $20. Write the equation for the situation and complete the table to find the total
    7·1 answer
  • in a 3-digit number, the hunderds digit is one more than the ones digit and the tens digit is twice the hundreds digit. If the s
    8·1 answer
  • I need help on 10,12,14,16
    9·2 answers
  • Are the expressions 8a - 3b - (2a + 4b) and 6a + b equivalent?
    11·1 answer
  • Which has more KE ? a 2 g bee flying at 1 m/s OR a 1 g wasp flying at 2 m/s <img src="https://tex.z-dn.net/?f=%20%5C%5C%20" id="
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!