You deposit $3000 in an account with an APR 7.5% and continuous compounding. How much will you have after 20 years?

Mathematics

1 answer:

BartSMP [9]3 years ago

8 0

Answer:

I = $4,500

Step-by-step explanation:

Simple Interest (I) = PRT / 100

Where:

P= Principal (Amount deposited) = $3000

R= Rate = 7.5%

T= Time = 20 years.

Simple Interest (I) = PRT / 100

I = ($3000 * 7.5 * 20) / 100

I = $450,000 / 100

I = $4,500.

You might be interested in

PLEASE HELP! THANKS!!

stepladder [879]

X=12 because I said so and I’m smart

7 0

3 years ago

How do I find the area of each shape

Ad libitum [116K]

Answer: the formula is (A=bh1/2)

Step-by-step explanation: #4 (The triangle)

First let’s find the base length of the triangle.

28 - 16 = 12

Ok now let’s do the real math now

Area = bh1/2

Area = (12)(16)(1/2)

Area = 96

Don’t worry about the slant height it’s just there to trick you

8 0

3 years ago

Using place value to exchange equal amounts when renaming a number is called

kumpel [21]

<span>Using place value to exchange equal amounts when renaming a number is called : Regroup Simple example for a group is when you try to add up : 86 + 25 86 has 8 group of tens and 6 groups of one 25 has 2 groups of tens and 5 groups of one after adding that up , now the number has 11 group of tens and 1 group of one, the result of that equation would be : 110</span>

3 0

3 years ago

The vertices of a triangle are A(2,4),B(-1,-3),and C(3,6). Find the new vertices. Use the rule (x,y) >>>(x-3,y+5)to tra

Mama L [17]

Answer:

A(-1,9), B(-4,2) and C(0,11)

Step-by-step explanation:

The vertices of a triangle are A(2,4),B(-1,-3),and C(3,6).

To translate, we use the rule (x,y) >>>(x-3,y+5)

For Vertex A(2,4),

The new vertex is (2-3, 4+5)=(-1,9)

For Vertex B(-1,-3)