1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedaia [141]
3 years ago
15

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:

D

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
Which numbers are irrational? Select all that apply.
ziro4ka [17]

Answer:

\sqrt{18} , \sqrt{78} , and π

Step-by-step explanation:

The irrational numbers are:

\sqrt{18} , \sqrt{78} , and π

8 0
3 years ago
Me ayudan xfaaaaaa (':​
IceJOKER [234]

Answer:

2(z + 8) 3 \\

4 0
2 years ago
What is 24 divided by 2 plus 8
grin007 [14]
24/2 equals 12

12 + 8 = 20
7 0
3 years ago
Read 2 more answers
You have$560 in an account which pays 4.8% compounded annually. If you invest your money for 8 years, then how many dollars of i
SCORPION-xisa [38]

Answer:

$ 254.85

Step-by-step explanation:

Total amount invested = $ 560

Interest rate = r = 4.8% = 0.048

Time in years = t = 8 years

The formula for compound interest is:

A =P(1+\frac{r}{n})^{nt}

Here,

A is the total amount accumulated after t years. P is the amount invested initially and n is the compounding periods per year. Since in this case compounding is done annually, n will be 1. Using the values in the above formula, we get:

A=560(1+\frac{0.048}{1})^{8} = \$ 814.85

Thus, the total amount accumulated after 8 years will be $ 814.85

The amount of interest earned will be:

Interest = Amount Accumulated - Principal Amount

Interest = $ 814.85 - $ 560 = $ 254.85

By the end of 8 years, $ 254.85 would be earned in interest.

7 0
3 years ago
Help please..... I cant find the answe​
k0ka [10]

Answer:

6^{30}

Step-by-step explanation:

Using the rules of exponents

(a^m)^{n} ⇔ a^{mn}

\frac{a^{m} }{a^{n} } ⇔ a^{(m-n)}

Given

\frac{(6^-4)^{-9} }{6^6}

= \frac{6^{36} }{6^{6} }

= 6^{(36-6)}

= 6^{30}

5 0
2 years ago
Other questions:
  • A distributive property for 7 times 63
    9·2 answers
  • One of the same side angles of two parallel lines is 20° smaller than the other one. Find all angles. Please explain this proble
    10·1 answer
  • Need help In number 3
    8·1 answer
  • Write the system of equations corresponding to the augmented matrix shown below ⎡⎣⎢⎢−8−2150−9−6−11−21−1⎤⎦⎥⎥ Note: Write an equat
    10·1 answer
  • Brainliest for best answer
    10·1 answer
  • A nursery owner buys 9 panes of glass to fix some damage to her greenhouse. The 9 panes cost
    14·2 answers
  • Identify the terms, like terms, coefficients, and constants in each expression.
    8·1 answer
  • Which relation is a function of x?
    11·1 answer
  • I need help what do I put in this blank what is the last number
    6·1 answer
  • The sum of 7 and the cube of a number as an equation
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!