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Alexus [3.1K]
3 years ago
5

1.) how much will $5000 be worth in 5 years if it is compounded continuously at 3% interest.

Mathematics
1 answer:
Nady [450]3 years ago
5 0

Answer:

$5809.17

$6149.01

$2211.72

Step-by-step explanation:

Continous interest formula:

(pv)e^(rt)

we have

5000e^(5*.03)= 5809.17

Same equation from before

2500e^(.09*10)= 6149.01

2000e^(.0575*(21/12))

(we write 21/12 because that's how many years has passed)

= 2211.72

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A girl scout troop sold cookies. If the girls sold 5 more boxes the second week than they did the first, and if they double the
valina [46]

Answer:

Boxes sold first week = 104

Boxes sold second week =x+5= 104+5=109

Boxes sold third  week = 109 times 2= 218

Step-by-step explanation:

Let x be the number of boxes sold in first week

the girls sold 5 more boxes the second week

So number of boxes sold in second week is x+5

they double the sales of the second week for the third week

So number of boxes sold in third week is 2 (x+5)

Total boxes sold is 431

x+x+5+2(x+5)=431

x+x+5+2x+10=431

4x+15=431

subtract 15 from both sides

4x=416

divide by 4 on both sides

x=104

Boxes sold first week = 104

Boxes sold second week =x+5= 104+5=109

Boxes sold third  week = 104 times 2= 218

4 0
3 years ago
What is the difference between -2^2 and (-2)^2
lys-0071 [83]
-2^2=-4\\
(-2)^2=4
8 0
3 years ago
Read 2 more answers
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kvasek [131]

Answer:

y=2x+105

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Kayla has a piece of blue ribbon that is 18.35 inches long and a piece of
tankabanditka [31]

Answer:

1.85

Step-by-step explanation:

20.2-18.35=1.85

3 0
3 years ago
A principal amount of $4,700 is deposited into an account paying interest at a rate of 3%, continuously compounded. What will be
Ronch [10]

The account balance after 3 years if the interest is compounded continuously is $5,142.62

<h3>How to find compound interest?</h3>

  • Principal, P = $4,700
  • Time,t = 3 years
  • Interest rate, r = 3%

r = 3/100

r = 0.03 rate per year,

A = Pe^rt

A = 4,700.00(2.71828)^(0.03)(3)

= 12,775.916^0.09

A = $5,142.62

Therefore, the account balance after 3 years if the interest is compounded continuously is $5,142.62

Learn more about compound interest:

brainly.com/question/24924853

#SPJ1

8 0
2 years ago
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