1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Solnce55 [7]
3 years ago
6

If you deposit $10,000 in an account earning interest at an 8% annual rate compounded continuously, how much money is in the acc

ount after five years?
Biology
2 answers:
LekaFEV [45]3 years ago
8 0

Answer:

A ≅ 14918.3 $

Explanation:

Given that;

Total deposit (i.e our Principal given is) = $10,000

Annual Rate Compounded Continuously = 8%

Time = 5 years

Because the account is compounded continuously; we go by the formula;

A= Pe^{rt}

A = 10,000e^{(0.08*5)}

A=10,000e^{(0.4)}

A = 10000*1.491824698

A = 14918.24698

A ≅ 14918.3 $

∴ The amount of money that is present in the account after five years = 14918.3 $

Blababa [14]3 years ago
4 0

Answer:14700

Explanation:

Solution

A = P(1 + r/100)n

Amount (A) =?

Principal (P) = $ 10,000

Number of years (n) = 5year

Rate yearly (r) = 8%

Substituting the values in to the formula

   = $ 10,000(1 + 8/100)^5

First we solve the bracket

   = $ 10,000(108/100)^5

   = $ 10,000(27/25)^5

= $ 10,000(1.08)^5

= $ 10,000(1.47)

= $ 14,700

Amount at the end of 5 year is $ 14700

Compound Interest C.I= A-P

= $ 14700 - $ 10000

= $ 4700

You might be interested in
Based on the results of this study, what questions remain unanswered? How can these questions guide future research?
amm1812

Answer: One of the biggest questions is, Can we replicate these results in other plants? So, there needs to be more research to determine whether this technique is effective in food crops. It’s not known what the protein PsbS does, even though it seemed to enhance plant growth. There should definitely be more research to find out how this protein is linked to plant growth and whether boosting this protein will affect growth in other types of plants. The researchers also noted that there are numerous other ways to make photosynthesis, and there are more than 100 chemical reactions involved in the process. Investigating other possibilities might be the key to improving crop yield in a wide variety of crops.

Explanation: same answer from edmentum.

3 0
3 years ago
Read 2 more answers
Human activities affect the phosphorus cycle by greatly increasing the amount of phosphorus stored in the earth, reducing the am
Ray Of Light [21]
That’s a false ?? I’m not that sure , but it’s a maybe .
8 0
3 years ago
PLEASE HELP! i will give the first person to answer brainliest! Just PLEASE help!
igomit [66]

Answer:

Protozoa are single-celled eukaryotes

Explanation:

Eukaroytes are organisms whose cells have nuclei

3 0
3 years ago
Read 2 more answers
The purpose of the preamble of the constitution is to?
kvasek [131]
It is known as the opening statement
8 0
3 years ago
Read 2 more answers
Several atmospheric gases contribute to global warming: carbon dioxide, methane, and nitrous oxide. Considering this, which choi
grandymaker [24]

the answer is D.he conversion of restaurant grease to bio-diesel fuel for use by motorists.


8 0
3 years ago
Read 2 more answers
Other questions:
  • In a laboratory experiment, C. elegans and B. thuringiensis were cultured individually (control) or together (experimental) for
    10·1 answer
  • What species is not endangered today thanks to successful conservation efforts
    6·2 answers
  • What percentage of energy is transferred when a mouse is eaten by a fox? 90% 0% 10% 100%
    14·1 answer
  • Pollen grains help scientist
    15·2 answers
  • Question 5
    14·1 answer
  • What is the first step in making a transgenic organism?
    9·2 answers
  • A strand of DNA was unwound and analyzed. If the nitrogen bases of the strand were A-T-C-G-G-A, what was the sequence of nitroge
    11·1 answer
  • Which of the following can occur around a subduction zone?
    6·1 answer
  • Cellular respiration is similar in both plants and animals in what way?
    7·1 answer
  • What are tissues composed of in addition to cells?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!