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IgorC [24]
3 years ago
14

An original investment of $15,000 earns 7.25% interest compounded continuously. What will the investment be worth in 3 years? 30

years?
After 3 years, the investment will be worth $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Mathematics
1 answer:
horrorfan [7]3 years ago
5 0

Answer:

A = Pe^{rt}

A = 1500e^{.0725 t}

3 years = $18,644.48

30 years = $132,032.78

Step-by-step explanation:

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Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount.  So for example, you deposit $100 in an account that gets 5% interest compounded semiannually. The first time it compounds you get $5 added to your account so your new balance is $105.  The next time it compounds you get 5% on $105 so you get $5.25 added and so on.  If this is only happening semi-annually that would be all you get for the year.  But if it happens quarterly you would get would get deposits of $5.51 and $5.79 as well.  If it compounds monthly or even daily your money would grow more and more.  Hope this helps.
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3 years ago
How many places to the left did you move the decimal point to write 41,200 in scientific notation
jek_recluse [69]
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3 years ago
WILL MARK U AS BRAINLIEST PLEASE HELP
adelina 88 [10]

Answer:

782.5inch³

Step-by-step explanation:

The question is on volume of a prism and that of a cylinder

Finding the volume of the prism

V=Bh where B is the base area and h is the height

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height =8"

v=196×8= 1568 in³

Finding volume of the cylinder

v=r²h where r is the radius of cylinder and h is the height of cylinder

r=10/2=5 inches and h=10 inches

v=3.142×5×5×10=785.5inch³

The difference in volume

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5 0
3 years ago
Read 2 more answers
Pleasee help marking brainlest
noname [10]

Answer:

See below in bold.

Step-by-step explanation:

The cost of what he wants to buy = 4.25 + 0.89 + 10.99

= $16.13

a) He does have enough to buy everything.

b) He has  20 - 16.13 = $3.87 left over.

7 0
3 years ago
Find the volume of this sphere 30 POINTS
Vitek1552 [10]

Answer:

V≈33.51

Step-by-step explanation:

Solve for volume

V=4/3πr3

=43·π·23≈33.51032

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3 years ago
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