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
madreJ [45]
3 years ago
5

If $3,000,000 is invested at 6% interest compounded continuously, how much

Mathematics
1 answer:
g100num [7]3 years ago
3 0

Answer:

  $24,498,509.74

Step-by-step explanation:

The formula for the value as a function of time is ...

  V(t) = P·e^(rt)

Filling in the numbers and doing the arithmetic, we have ...

  V(35) = 3,000,000·e^(0.06·35) ≈ 24,498,509.74

Compounded continuously for 35 years, the investment will be worth $24,498,509.74.

You might be interested in
A rectangular poster is to contain 882 square inches of print. The margins at the top and bottom of the poster are to be 2 inche
Zinaida [17]

Answer:

L  =  23 in

h  = 46  in

Step-by-step explanation:

Let call  " x "  and  " y "  dimensions of the print area of the poster then:

882 = x*y  and   y = 882/x

We also know that dimensions of the poster is:

L  =  x + 2   in  and     h  =  y + 4 in

Therefore area of the poster is:

A(p)  = ( x + 2 ) * ( y + 4 )  And area as function of x is:

A(x)  =   ( x + 2 ) * ( 882/x + 4 )

A(x)  =  882 + 4*x + 1764 /x  + 8

Taking derivatives on both sides of the equation we have:

A´(x)  =  4  - 1764/x²

A´(x)  = 0      ⇒      4  - 1764/x² = 0      ⇒ 4*x² - 1764  =  0

x²  =  1764 / 4

x²  = 441

x  = 21 in      and    y  =  882/x         y  = 42

The second derivative  A´´(x)  is > 0  ( the second term changes its sign to +) there is a minimum for the function at the point      x = 21

As x   and  y are dimensions of the printing area of the poster, dimensions of the poster  are

L  = x  +  2   =   21  + 2  =  23 in   and

h = y  +  4   =   42  + 4  =  46  in

4 0
3 years ago
Write a quadratic equation to represent the situation. Solve the equation by factoring. Use the table and graphing method to che
Step2247 [10]

Answer:

Step-by-step explanation:

6 0
2 years ago
Peter bought 8 lemons for <br> $6<br> What was the cost for 1 lemon?
Alexeev081 [22]
$1.3 per lemon. I divided 8 by $6 and got 1.3.
3 0
2 years ago
Read 2 more answers
Can someone help me with math
kkurt [141]
A is the correct answer, I believe.
7 0
2 years ago
Read 2 more answers
Find the percent: 2% of 50
Len [333]
To find said answer you could multiply 50 times 2% and get 1 as your answer
7 0
3 years ago
Read 2 more answers
Other questions:
  • The LCM of 2^2×5^2×7 and another number N is 2^2×3×5^2×7^2 find the lowest value of N
    9·2 answers
  • Exponential functions help please
    7·1 answer
  • jet skis rent for $25 per hour plus a flat fee of $50. Noel has $200 to spend. what is the maximum value in the domain of this s
    8·1 answer
  • 2. The length of a rectangle is 4 centimeters less than twice its width. The perimeter
    13·2 answers
  • The diameter of a circle is 12 in. Find the circumference to the nearest tenth <br> please helppp
    5·1 answer
  • Three more than the quotient of a number and 5 is equal to 9
    5·1 answer
  • What is the area of the parallelogram?<br> 3<br> 2
    6·1 answer
  • if the diameter of a circle is increased by 6 cm, what is the incriase in the circumference of the circle?​
    6·1 answer
  • Andrew pays a monthly membership fee of $10 at his gym. Each time he uses the gym, he pays $5. Last month, Andrew spent a total
    9·1 answer
  • The simplified form of 6(m-2n) - (4m-5n) is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!