If $25,000 is invested in a saving account at a rate of 7% compounded continuously, then the amount in the account after 5 years
is approximately....
A ) 35,063.79
B ) 35,476.69
C ) 35,369.45
D ) 35,475.50
E ) None of the above
1 answer:
Answer: 35,476.69
Step-by-step explanation:
the formula is
A=p×e^(rt)
A future value?
P present value 25000
R interest rate 0.07
T time 5years
A=25,000×e^(0.07×5)
A=35,476.69
Hope it helps!
You might be interested in
Answer:
its 6
Step-by-step explanation:
i calculated but threw in trash by an accident
Answer: -60,20
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
![\sqrt[3]{216}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B216%7D)
= ![\sqrt[3]{8}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B8%7D)
· ![\sqrt[3]{27}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B27%7D)
= ![\sqrt[3]{2}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B2%7D)
³ · ![\sqrt[3]{3}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B3%7D)
³ = 2 x 3 = 6
Answer:
Checked on edg. , the answer is A. Thanks!
Step-by-step explanation:
