1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
14

How much would $500 invested at 3% interest compounded continuously be

Mathematics
1 answer:
77julia77 [94]3 years ago
5 0

Answer:

d

Step-by-step explanation:

598.60

You are given the equation 

A(t) = P*e^(rt) 

Where P = Principal 

r = interest rate 

t = time 

e is a mathematical constant equivalent to approx 2.71828 

You're told the initial Principal is $500, the interest rate is 3%, over 6 years. So you have everything that you need to solve the problem, just plug in the values and solve for A(6) 

A(t) = P*e^(rt) 

A(6) = 500 * e^(0.03 * 6) 

A(6) = 500 * e^(0.18) 

A(6) = 500 * 2.71828^(0.18) 

A(6) = 500 * 1.19721 

A(6) = 598.60861 

So $500 invested 6 years ago at 3% would be worth $598.61 today.

You might be interested in
Cole spent a total of 523.46 on holiday gifts for his friends and family. If he bought gifts for eleven people,about how much di
Vlada [557]

Answer:

Cole spend 47.587 on buying gifts for each person.

Step-by-step explanation:

Given:

Total money spend on gifts = 523.46

Number of people gifts were bought for = 11

We need to find how much he spend on each person.

Solution:

To find how much he spend on each person we will divide total money spend on gifts with number of people gifts were bought for.

framing in equation form we get;

Spending on each person = \frac{523.46}{11} = 47.587

Hence Cole spend 47.587 on buying gifts for each person.

6 0
3 years ago
Simplify the expression:<br> 3(1 + 6m) =
mel-nik [20]

Answer:

3 + 18m

Hope this helped again :)

7 0
2 years ago
Find the area of the shaded region. Use 3.14 for pi.
daser333 [38]

Answer:

326

Step-by-step explanation:

First you find the area of the triangles. Since squares have equal sides we know that the triangle has a side of 20 and 12. We plug this information into the formula A=20x12/2 which equal 120 but since we have 2 triangles we multiply by 2 and get 240. Then we find the area of the square which is 400 when you multiply 20x20. Then you find the area of the circle which is 3.14x10^2 which equals 314. You add 240 and 400 to get 640. You subtract 460 from 314 and get 326.

4 0
3 years ago
Find the cube root of 9,261
snow_tiger [21]
The answer is 21 because 21x21x21= 9261
7 0
3 years ago
Read 2 more answers
What is the gcf of 18a and 24ab
Leona [35]
The gcf of 18a and 24ab is 6a
7 0
3 years ago
Other questions:
  • Given the equation −4 Square root of x minus 3= 12, solve for x and identify if it is an extraneous solution
    14·2 answers
  • Bob bought a bike for $250 and repaired it . He can now sell the bike for $300. What is the percent increase in the value bike ?
    14·1 answer
  • The perimeter of triangle RXA is 24. If RX = 4 and RA = 11, find XP and PA
    15·1 answer
  • All formulas have how many variables?
    12·1 answer
  • Michael has a set if 24 crayons. How many crayons has he left, after he gives 9 crayons to Emma and 5 crayons to Jerry?
    5·2 answers
  • 2/3 minus 2/3 What does that equal in fraction form
    13·2 answers
  • HELP BRAINLIEST FOR. CORRECT AND ALL ANSWERED ANSWER
    12·2 answers
  • If the measure of arc AB is 100 degrees, what is the measure of
    8·1 answer
  • Please answer question #2 and please show work
    10·1 answer
  • 13. Find the equation of the line through the points (3, -1) and (6, 7).
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!