All categories

3 years ago

How much would $500 invested at 5% interest compounded continuously be worth after 8 years?

Mathematics

1 answer:

alekssr [168]3 years ago

5 0

Answer:

Step-by-step explanation:

We will need to use the compound interest formula:

A = P(1 + r)ⁿ

A = final amount

P = Initial amount

r = rate

n = time applied

Our equation will then look like this

A = 500(1.05)⁸

A = 738.72772

You might be interested in

Aston challenges his fater to a 100-m race. Aston asks to race again but wants to be given a head start. How much of a start sho

photoshop1234 [79]

Ah hah ! You said in there "race AGAIN". Tell us something about how the first race turned out, and we may have some information we can use to answer with. Right now we got nuttn.

7 0

3 years ago

Write a polynomial of degree 3 whose only roots are x=2 and x=2/5. Is there another polynomial of degree 3 that has the same roo

TEA [102]

One such polynomial might be

$(x-2)\left(x-\dfrac25\right)^2$

Another with the same roots would be

$(x-2)^2\left(x-\dfrac25\right)$

7 0

3 years ago

Read 2 more answers

Solve the equation 3/y = 4/5

netineya [11]

Step-by-step explanation:

<u>Step 1: Cross Multiply</u>

$\frac{3}{y} = \frac{4}{5}$

$5(3) = 4(y)$

$15 = 4y$

<u>Step 2: Divide both sides by 4</u>

$15 / 4 = 4y / 4$

$3.75 = y$

Answer: $y = 3.75$

4 0

3 years ago

Read 2 more answers

What is the midpoint of the segment shown below?

kolbaska11 [484]

The midpoint of the segment is (-15/2, -15/2)

<h3>How to determine the midpoint?</h3>

The complete question is in the attached image

The points are given as:

(-8, -7) and (-7, -8)

The midpoint is calculated as:

(x,y) = 1/2 * (x1 + x2, y1 + y2)

So, we have:

(x,y) = 1/2 * (-8 - 7, -7 - 8)

Evaluate the difference

(x,y) = 1/2 * (-15, -15)

Evaluate the product

(x,y) = (-15/2, -15/2)

Hence, the midpoint of the segment is (-15/2, -15/2)