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3 years ago

Find the value of an investment of $5000 at 7% compounded continuously for 6 years

Mathematics

1 answer:

Helga [31]3 years ago

8 0

Answer:

Option 4 is correct

Step-by-step explanation:

If the rate is compounded continuously, the formula used to find the future value is:

A= Pe^rt

Where A = Future Value

P= Principal amount

r = interest rate in decimal

t = time

For the given data:

A=?

P = $5000

r = 7% or 0.07

t = 6

Putting values in the above formula

A= 5000e^(0.07 *6)

A = 7609.81

So, Option 4 is correct.

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Si A es D.P. con B e I.P. a Vc, cuando A = 4; B =8 y C = 16. Halla A cuando B =12 y C = 36.

Anarel [89]

I think that is very true

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3 years ago

Tom works for a company his normal rate of pay 15 per hour

Brrunno [24]

The amount earned by Tom is the product of the rate per hour and the number of hours worked which is $90.

The amount earned per hour = $15

The number of hours worked = 6 hours

The amount earned at the normal earning rate can be calculated thus :

Normal rate per hour × number of hours

Amount earned = $15 × 6 = $90

Therefore, the amount earned by Tom after working for 6 hours at the normal rate is $90.

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2 years ago

Read 2 more answers

A package states that there are 60 calories in 12 crackers

kvv77 [185]

Answer: 5 calories = 1 cracker

Step-by-step explanation:

60:12 = 5:1

60 calories and 12 crackers = 5 calories and 1 cracker

7 0

3 years ago

Sheila, janice, and katen, working together at the same rate, can complete a job in 3 1/3 days. Working at the same rate, how mu

pychu [463]

Answer:

Janice and Karen could do in 1 day:

20% of the job.

Step-by-step explanation:

To identify how much of the job could janice and caren do in 1 day, first, we must find how much of the job make just 1 person at the same rate:

If three persons make a job in 3 1/3 days, 1 person make the job in x:

3 persons ⇒ 3 1/3 days or 10/3 days
1 person ⇒ x

Then:

$x=\frac{1 person*\frac{10}{3}days }{3 persons}$ (we cancel the unit "persons")
$x=\frac{\frac{10}{3}days }{3}$
x = 10 days

Just a person would need 10 days to complete a job, now, we're gonna divide this value in 2 to obtain the time that need two persons to complete a job:

Time to complete a job between 2 persons = $\frac{10}{2}days$
Time to complete a job between 2 persons = 5 days

How two persons need 5 days to complete a job (in this case, the two persons are Janice and Karen), we can make a simple rule of three to obtain the percentage made in 1 day:

5 days ⇒ 100% of a job
1 day ⇒ x

Then:

$x=\frac{1*100}{5}$ (you can use the % if you want, the result is the same)
$x=\frac{100}{5}$
$x=20$

As you can see, Janice and Karen just in a day could do 20% of the job.

3 0

3 years ago

What’s the answer???

enyata [817]

Nikkis charges are 20,40,50,80. Dave’s charges are 25 and 37.5.

5 0

3 years ago