4 years ago

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

You might be interested in

Factor this problem ? 125 +27y^3

koban [17]

Answer:

(5 + 3y)(25 - 15y + 9y²)

Step-by-step explanation:

This is a sum of cubes and factors in general as

a³ + b³ = (a + b)(a² - ab + b²), thus

125 + 27y³

= 5³ + (3y)³ with a = 5 and b = 3y

= (5 + 3y)(5² - 5(3y) + (3y)² )

= (5 + 3y)(25 - 15y + 9y²)

6 0

3 years ago

Help for 10 points!!

dem82 [27]

The plus sign means that we have to sum all the terms inside of the second parenthesis, while the minus sign means that we have to change all the signs inside the last parenthesis:

$(3x+5)+(2x-9)-(4x+3)=3x+5+2x-9-4x-3$