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Citrus2011 [14]
3 years ago
11

if 5000000 invested at 4% interest compounded continuously how much will the investment be worth in 30 years

Mathematics
2 answers:
umka21 [38]3 years ago
8 0
For this you use A=Pe^(rt)
A=furutre amount
P=present amount
e=natural base
r=rate in decimal
t=times in years

A=?
P=5000000
r=0.04
t=30

A=5,000,000e^(0.04*30)
A=5,000,000e^(1.2)
A=16600584.613683
Anna35 [415]3 years ago
6 0
The required formula is:
A=Pe^{rt}
where A is the amount after t years, e is the exponential number and r is the annual interest rate expressed as a decimal:
Plugging in the given values into the formula:
A=5000000\times e^{(0.04\times 30)}=16,600,584.61\ currency\ units
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jek_recluse [69]

Step-by-step explanation:

this sequence is geometric not arithmetic

HOw we know that ??

when we get a common difference  that must Be equal  

d=6-2=4  not equal to  d=18-6=12

So it is not arithmetic

but when we get the common ratio that also must be equal

r=6/2=18/6=54/18=3    equal

So it is geometric

By using this equation:

a(n)=a(1)*r^(n-1)

and we have a(1)=2 , r=3    

<u>Explicit rule:</u> a(n)=2*(3)^(n-1)

<u>Recursive rule:</u>  a(n)= r * a(n-1)

a(n-1) ⇒ priviuse term

SO:  a(n)= 3 * a(n-1)

For example:

a(3)= 3 * 6 =18

<em>I really hope this helps <3</em>

7 0
2 years ago
Please help only have a minute to answer. NO WORK NESSACARY. Thanks.
Ymorist [56]

Answer is the third one. It is the only answer where all points work in the equation.

Answer: third choice

7 0
3 years ago
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Taylor wants to figure out how much interest she will earn if she keeps $500 in her savings account for 2 years at a simple annu
Paha777 [63]

Answer:30

Step-by-step explanation:

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3 years ago
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the school spent 345 dollars on each new computer they brought if they brought 38 new computers how much did he spend in total​
velikii [3]

Answer:


Step-by-step explanation:

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4 0
3 years ago
Find the value of x.
Leokris [45]

Answer:

Therefore the value of x=31\°

Step-by-step explanation:

Given:

m∠ A = 56°

m∠ B = 75°

m∠ ACD = x°

To Find:

x = ?

Solution:

In Δ ABC

An exterior angle of a triangle is equal to the sum of the opposite interior angles.

Here,

The opposite interior angles are angle A and angle B.

An exterior angle of a triangle is angle ACD which is x°

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Substituting the values we get

56+75=x\\\\\therefore x=131\°

Therefore the value of x=31\°

8 0
2 years ago
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