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Vladimir79 [104]
3 years ago
8

What principal invested at 8% compounded continuously for 4 years will yield $1190?

Mathematics
1 answer:
zhuklara [117]3 years ago
7 0
For continuously compounded interest:

Amount = Principle * e^(rate * time)

A rate of 8% converted to a decimal value: r=0.08
With time t=4
and amount 1190

Plug all these values in,

1190 = Principle * e^(0.08 * 4)

And use your calculator to solve for the principle.
Maybe we'll call it P to make things easier.

1190 = P * e^(0.08 * 4)
1190 = P * 1.377

The principle is being multiplied by this 1.377,
divide by 1.377 to undo the multiplication.

864.11735 = P

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Using 3.14 for pi what is the radius of a circle with a circumference 34.5 m
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Step-by-step explanation:

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Given parallelogram ABCD, diagonals AC and BD intersect at point E. AE=2x, BE=y+10, CE=x+2 and DE=4y−8. Find y.
hodyreva [135]

9514 1404 393

Answer:

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__

<em>Additional comment</em>

The value of x is found the same way:

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