Ask question

Ask question

All categories

3 years ago

14

You want a savings account to grow to $5000 in 10 years. If interest is 3.5% compounded continuously, how much should you invest

?

1 answer:

vazorg [7]3 years ago

6 0

Answer:

$3523.44

Step-by-step explanation:

5000 = X × e^(3.5/100)(10)

X = 5000 ÷ e^0.35

X = 3523.440449

You might be interested in

How to divide 4 by 17

9966 [12]

Put it as a fraction 4/17

3 0

3 years ago

Read 2 more answers

Is the square root of 75/3 a rational or irrational number?

erma4kov [3.2K]

The square root of 75/3 is a irrational number

6 0

3 years ago

Read 2 more answers

3-^1 x (4 x 6) x 2-^3

xeze [42]

$\huge{ \boxed{ \mathbf{ \blue{Problem:-}}}}$

$\bold{ {3}^{ - 1 \ } (4 \times 6) \times {2}^{ - 3} }$

$\huge{ \boxed{ \bf{ \blue{Solution:-}}}}$

$\bold{ {3}^{ - 1}(4 \times 6) \times {2}^{ - 3} }$

$= \bold{ \frac{1}{3}^{1} (4 \times 6) \times { \frac{1}{2}^{3} } }$

$= \bold{ \frac{1}{3} \times 24 \times \frac{1}{8} }$

$\bold{= 1}$

<h3><u>〜</u><u>Hope</u><u> it's</u><u> helpful</u></h3>

4 0

3 years ago

Read 2 more answers

there are 39 members in a marching band for a food drive each member must bring 3 cans of fruit and 5 cans of soup how many cans

bonufazy [111]

The Answer is 312 -- this is because, as we want know the total amount of cans, you add 5 + 3 which gives you 8.yoy can then times that by the members (39) to give you 312 which is the total

7 0

3 years ago

The run is the _________ change between two points along a line

Goryan [66]

Run is the horizontal change between points. Run in slope means the change in "x" .

3 0

3 years ago

Read 2 more answers