Trust Fund A deposit of $10,000 is made in a trust fund that pays 7% interest,compounded continuously.it is specified that the b
alance will be given to the college from which the donor graduated after the money has earned interest for 50 years.How much will the college receive?
1 answer:
Answer:
After 50 years college will receive a amount of $294570.25
Step-by-step explanation:
We have given deposited amount P = $10000
Rate of interest r = 7 %
Time is given t = 50 years
We have to find the amount after 50 years which college receive
Amount is given by


So after 50 years college will receive a amount of $294570.25
You might be interested in
what does the table look like?
If you are asking which is bigger then it is 4/6
Answer:
20$ - the sale price
Step-by-step explanation:
take the 20$ the bat originally was and the minus it by the the sales price to get your answer. BUT YOU HAVE 2 HAVE THE SALES PRICE!!!!
What is the question now??
Answer:
with what 0-0 are youy okay?
Step-by-step explanation: