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.

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2 years ago

An alloy consists of nickel, zinc, and copper in the ratio 2:7:9. How much alloy can be produced using 4.9 lb of zinc?

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Hope this answer will be a good help for you.

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3 years ago

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alexgriva [62]

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3 years ago

Read 2 more answers

I need the answer to this please

11111nata11111 [884]

Answer:

Step-by-step explanation:

Alright, lets get started.

When two secants intersects outside a circle then the measure of the angle formed is half of the positive difference of the measures of the intercepted arcs. (Please refer the diagram I have attached)

Hence the measure of ∠1 is :

∠1= $\frac{1}{2}(100-30)$