What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously

2 answers:

tatiyna3 years ago

4 0

$\bf \textit{Continuous Compounding Amount}\\\\
A=Pe^{rt}\qquad \begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$410\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
t=years\to &10
\end{cases}$

so, that gives you the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P <--- that's how much interest was earned

Damm [24]3 years ago

4 0

Answer:

it is A-P

Step-by-step explanation:

You might be interested in

Whilst shopping, the probability that Caroline buys fruit is 0.4. The probability that Caroline independently buys a CD is 0.2.

AleksandrR [38]

Answer:

probability that Caroline buy both CD and fruit = 0.52

Step-by-step explanation:

We have given that the probability of Caroline buys a fruit P = 0.4

So probability of Caroline does not buy the fruit = 1 - 0.4 = 0.6

Probability Caroline buys a CD P = 0.2

So probability of Caroline does not buy the CD = 1 - 0.2 = 0.8

So probability that Caroline does not buy either buy CD or fruit = 0.8×0.6=0.48

So probability that Caroline buy both CD and fruit =1-0.48 = 0.52

7 0

3 years ago

The cost of a student ticket to the schools play is $7. write an equation that correctly relates the cost,c,for particular numbe

charle [14.2K]

The independent variables are the cost for one ticket and the number of student tickets. The cost of the tickets depends on the number of student tickets being purchased. The equation would be c = 7s.

4 0

3 years ago

GIVING BRAINLIEST OUT FOR WHOEVER IS CORRECT AND FAST!<br> All factors of 40, 41, 3526, and 1001.

mel-nik [20]

Answer:

Step-by-step explanation:

factors for

40=1,2,4,5,8,10,20,40

41=1,41 prime

3526=1,2,41,43,82,86,1763,3526

1001=1,7,11,13,77,91,143,1001

5 0