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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  

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Answer:

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Step-by-step explanation:

-3x - 24<= -36

Make -3x the subject, by carrying -24 to the other side

Note: Moving -24 to the other side changes to + 24

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6 0
4 years ago
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The class president wants to survey the students at the high school about the selection of food offered by the school cafeteria.
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Answer:

C . Sample : 6 boy and 7 girls

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3 years ago
In Europe, gasoline efficiency is measured in km/L. If your car's gas mileage is 31.0mi/gal , how many liters of gasoline would
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Which tables could be used to verify that the functions they represent are inverses of each other? Select two
devlian [24]
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3 years ago
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We know that
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a² = b²+ c²<span> – 2*b*c*cos(A)
</span>
in this problem
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A=90°
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a² = b²+ c² – 2*b*c*cos(A)
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