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MArishka [77]
4 years ago
11

Find the principle needed to have a balance of $1000 after 10 years invested at 3.25% interest compounded continuously

Mathematics
1 answer:
xeze [42]4 years ago
4 0
You will need to use this formula
Principal = Total / [e^(rate*years)]
(where "e" is the mathematical constant 2.718281828459)
Principal = 1,000 / [e^.0325*10]
Principal = 1,000 /  <span> <span> <span> 1.384030646 </span> </span> </span> <span><span> </span> </span>
Principal = 722.53

Source:
http://www.1728.org/rate2.htm


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andre [41]
Simplify the equation.

First, distribute the 2 in the left side of the equation.
Resulting in: 2x-6 = (x-1) + 7

Second, remove the parentheses form the right side of the equation (there is nothing to distribute there).
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Now simplify the right side of the equation by subtracting the 1 from the 7.
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Our goal is to isolate the x to the left side, and the numerals to the right side.
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3 years ago
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liberstina [14]

Answer:

Inverse of f exists.

Step-by-step explanation:

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The inverse of 'f' exists.

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Write your answer in the space below.

The answer to the question Is all 5.

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Write your answer in the space below.

Group 1 is a success because none of the numbers 73 and 99 show up.

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