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Nastasia [14]
3 years ago
14

$30,000 is to be invested for 7 years at a 4% interest rate: find its future value if it is compounded continuously?

Mathematics
1 answer:
FinnZ [79.3K]3 years ago
5 0
The cost after 7 years would be $<span>39,693.89.</span>
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Over two months, Tony has watched a total of 53.6 hours of television (35.4 + 18.2).  If he save $2.50 for each hour, we can multiply his total hours by the amount per hour, or 53.6 x 2.50 = $134.00.  Since each game that Tony wants to buy costs $35.75, we need to divide his total savings by the cost of each game, or 134/35.75 = 3.75.  Since Tony can't buy a portion of the game, the most amount of games he can buy is 3.  Alice watched a total of 48.4 hours of television (21.8 + 26.6).  If she also saves $2.50 per hour, then her total savings is 2.50 x 48.4 = $121.00.  Since her concert tickets are $17.50 a piece, we divide her total savings: 121/17.50 = 6.9.  Alice can also not buy a partial ticket, so the total amount she can buy is 6.  

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