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Neporo4naja [7]

2 years ago

7

Dylan is going to invest in an account paying an interest rate of 4.1% compounded continuously. How much would Dylan need to inv

est, to the nearest cent, for the value of the account to reach $19,000 in 7 years?

1 answer:

Natasha_Volkova [10]2 years ago

7 0

Answer:

P≈ 14259.72

Step-by-step explanation:

19000=Pe^0.041(7)

1900=Pe^0.287

1900=P(1.332424213)

1900/1.332424213=p

14259.7228479=p

P≈ 14259.72

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