3 years ago

Find the final amount for a $1000 investment at 6% interest compounded continuously for 20 years

1 answer:

3 0

Answer:$3207

Step-by-step explanation

A=p(1+r/100)^n

A=1000×(1+6/100)^20

A=1000×(1.06)^20

A=1000×3.207

A=$3207

You might be interested in

Natasha_Volkova [10]

Solve the system using substitutions:

$\begin{gathered} 2x+3y=5 \\ 2x+3(5x-4)=5 \\ 2x+15x-12=5 \\ 17x=5+12 \\ 17x=17 \\ x=\frac{17}{17} \\ x=1 \end{gathered}$

x has a value of 1. Use this value to find the value of y.

$\begin{gathered} y=5x-4 \\ y=5\cdot1-4 \\ y=5-4 \\ y=1 \end{gathered}$

y has a value of 1.

x=1

y=1

8 0

2 years ago

lesya692 [45]

The correct answer is A

3 0

3 years ago

Firlakuza [10]

Idk :) but the other guy answering might be able to help you. please give me a like!

6 0

3 years ago

lawyer [7]

10•10•10=1,000=10^3
1,608 divided by 1,000 equals 1.608

3 0

3 years ago

sergij07 [2.7K]

Answer:1

Step-by-step explanation:

they have no other common factors

4 0

3 years ago