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madreJ [45]
4 years ago
5

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

Mathematics
1 answer:
g100num [7]4 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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The answer is actually D. Since 2.5 is a side of each tiny block, there is 3 sides that you are going to multiply together. There is 5,2 and 4 because we are multiplying the length,width and side. So the length is 2.5*5=12.5 which was correct. The width is 2.5*4=10 which you had but you crossed it out. Then lastly you are looking for the side of the shape. 2.5*2=5. Now that I have everything I just need to multiply everything together. 12.5*10*5=625 in³. I hope this helped you! 
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