cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

How do I make someone brainlyiest?
can someone help pls
7. Which is an example of POSITIVE stress? * (4 Points) O pressure to do well that motivates you to work harder O feeling overwhelmed by a problem that you cann
Please help withthe last one
What did the waitress offer the customer?
7.* 2 points The cone-shaped paper cup shown below has a volume of 183 cubic centimeters, ♡ 7 cm [not drawn to scale] What is the approximate length of the radi
When the biceps brachii contracts, the wrist moves closer to the shoulder. This movement is called A) flexion. B) extension. C) adduction. D) abduction.
can someone please help me with this
Which value makes the inequality r > 2.5 TRUE? А 0 B 2.4 С 2.5 D 2.7
why is a social rule necessary​