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
seropon [69]
3 years ago
15

You deposit $3000 in an account earning 4% interest compounded continuously. How much will you have in

Mathematics
1 answer:
V125BC [204]3 years ago
7 0

Answer: $3,664.21

Formula: A=Pe^{rt}

  • P = principle/original amount = $3000
  • r = rate of interest = 4% = 0.04
  • t = time period (in years) = 5
  • A = the new amount
  • e = Euler's number ≈ 2.718...

Substitute in the values:

A=(3000)e^{(0.04)(5)} =(3000)e^{0.2} =(3000)(1.2214)=3664.208

<u>Approximately $3,664.21</u>

<em>I think this is how you solve it o_O</em>

You might be interested in
In dire need of help with APR and APY! Please Help!
Sedbober [7]
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><span>For example, a credit card company might charge 1% interest each month; therefore, the APR would equal 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest. The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1= 12.68%] a year. If you only carry a balance on your credit card for one month's period you will be charged the equivalent yearly rate of 12%. However, if you carry that balance for the year, your effective interest rate becomes 12.68% as a result of compounding each month.</span>
6 0
3 years ago
What is the volume of a cone with a radius of 4 centimeters and a height of 10 centimeters
Viefleur [7K]
167.55 should be the answer
5 0
3 years ago
Read 2 more answers
On monday maggie ran n miles, on tuesday she ran 90% of the number of miles that she ran on monday. on wednesday she ran 50% of
Andrew [12]

Step-by-step explanation:

On Monday maggie ran n miles.

On Tuesday, she she ran 90% of the number of miles that she ran on Monday i.e \dfrac{90}{100}\times n=0.9n.

On Wednesday, she ran 50% of the number of miles that she ran on Tuesday i.e. \dfrac{50}{100}\times 0.9n=0.45n

First expression : n+0.9n = 1.9 n

Second expression : n + 0.9 n + 0.45 n = 2.35 n

Hence, this is the required solution.

3 0
3 years ago
Please help me with math thanks
Korvikt [17]
Given that a room is shaped like a golden rectangle, and the length is 29 ft with the ratio of  golden rectangle being (1+√5):2, thus the width of the room will be:
ratio of golden triangle=(length if the room)/(width of the room)
let the width be x
thus plugging the values in the expression we get:
29/x=(1+√5)/2
solving for x we get:
x/29=2/(1+√5)
thus
x=(29×2)/(1+√5)
answer is:
x=58/(1+√5)
or
 byrationalizing the denominator by multiplying both the numerator and the denominator by (1-√5)
58/(1+√5)×(1-√5)/(1-√5)
=[58(1-√5)]/1-5
=(58√5-58)/4
7 0
3 years ago
in february,Robbins and Myers,Inc.executed a 2-for-1 split.janine had 470 shares before the spilit.each share was worth $69.48.
aleksley [76]
<span>After the split, Janine had 960 share worth $34.74. Since they doubled the amount of share, but decrease the amount of each share, Jane didn't gain or lose any money during the event.</span>
3 0
3 years ago
Other questions:
  • Does the addition problem show a way to add 27 + 38?
    11·1 answer
  • The table shows the time Merrida spent driving and the number of miles she drove. She drove the same number of miles each hour.
    11·2 answers
  • Owen is 147.3 cm tall
    12·1 answer
  • A bonus activity in a popular video game allows the gamer to choose from several boxes to aquire a rare and useful item. The pro
    6·1 answer
  • Hector has $590 in his account. He earned $15 per hour for x hours. Jeremy has $545 in his account. He earned $20 per hour for x
    8·1 answer
  • 7+7x;7(x+1/7 expression
    14·1 answer
  • Need help can someone plz help me solved this problem ASAP! Need help I will mark you as brainiest
    11·1 answer
  • HELP MEEEEEEEEEEEE PLZ
    8·1 answer
  • Help me lol (please)
    15·2 answers
  • Divide. Write the quotient in lowest terms.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!