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
ololo11 [35]
3 years ago
13

What is the total amount for an investment of $1000 invested at 7.25% for 15 years and compound continuously?

Mathematics
1 answer:
Iteru [2.4K]3 years ago
5 0

Answer:

\$2,966.85  

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

A=P(e)^{rt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest in decimal  

t is Number of Time Periods  

e is the mathematical constant number

we have  

t=15\ years\\ P=\$1,000\\ r=0.0725  

substitute in the formula above  

A=\$1,000(e)^{0.0725*15}=\$2,966.85  

You might be interested in
Are triangles PRU and STQ congruent?
Nataly_w [17]

Answer:

yes, because they have the same angle measures.

(congruent triangles have equal angles)

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
Points and brainly mememememe
Maksim231197 [3]

Answer:

Hello thanks for points

7 0
3 years ago
Read 2 more answers
Help! Math Homework.
Alenkinab [10]
To solve problem 1 what you need to do is figure out how many miles the girls have walked so far and then subtract that from the total distance they must complete.

3/4-(3/10+1/4)

Step 1:Change the denominators so that way they are all the same

3/4=15/20
3/10=6/20              15/20-(6/20+5/20)
1/4=5/20

Step 2: Begin solving the problem

6/20+5/20=11/20
15/20-11/20=4/20

Step 3: Simplify your answer

4/20=1/5

Step 4 (is optional): Write your answer in a complete statement

The three girls walk 1/5mile together to school

Answer: A

I hope this is correct and if not I apologize for giving false information.

8 0
3 years ago
Look at the Math Notes 1.1.5 in Canvas (“Representations of a Portion”). For each diagram below, write a fraction and a percent
amid [387]

Answer:

tes

Step-by-step explanation:

egsdghd

7 0
3 years ago
You lost your cell phone and have to use a phone booth. The call will cost $0.25 for the first minute and
ElenaW [278]

Answer:

4 minutes

Step-by-step explanation:

make equation

0.25+(0.15x)= 0.85

solve for x

0.15x= 0.60

x=4

7 0
3 years ago
Read 2 more answers
Other questions:
  • Andre owned 1/4 acre lot. Wants to construct a 120’ x 80’ tennis court on the lot. How many square feet will remain uncovered af
    5·2 answers
  • Please help me with these questions (It’s due tomorrow)
    5·1 answer
  • If n is "the number," write an equation that could be used to solve for the number.
    12·1 answer
  • Summer vacation is 68 days long and 3/4 of the vacation has gone by. How many days are left? Explain!!
    9·2 answers
  • Could someone pls help me
    10·2 answers
  • Please helllppp . . . only give answer if you are 100% sure it's correct please!!
    10·1 answer
  • You owe $748.11 in taxes, and you have paid $692.40. Which statement best describes your refund/taxes due?
    5·1 answer
  • Seventh grade > L.8 Solve percent equations: word problems JS6
    5·1 answer
  • **ANSWER NEEDED QUICKLY** Here is a number pyramid puzzle.
    6·1 answer
  • Anthony read 5 6 hour each day for 5 days. as an equation
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!