If $3 million is invested at 6% interest compounded continuously how much will the investment be worth in 35 years

1 answer:

8 0

P=$3000000 , r=6% , n=365 and t=35 years

A= 3000000 (1 +0.06/365)³⁶⁵ˣ³⁵
A= 3000000 * 1.000164¹²⁷⁷⁵
A= 3000000 * 8.124858
A= 24374574

A = P+I
2437457.4 =3000000+I
I =2437457.4−3000000
I =21374574

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Now, (-2, 1) ⇒ 1 – 4(-2) ≥ - 5 ⇒ 1 + 8 ≥ -5 ⇒ 9 ≥ -5 ⇒ correct answer.

Now, (-4, 2) ⇒ 2 – 4(-4) ≥ -5 ⇒ 2 + 16 ≥ - 5 ⇒ 18 ≥ - 5 ⇒ correct answer

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