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Popular Word Problems >

How much should be invested now at an interest rate of 5% per year, compounded continuously, to have 2500 in three years?

Solución

Ho w m u c h s h o u l d b e in v es t e d n o w a t an in t eres t r a t e o f 5% p er ye a r, co m p o u n d e d co n t in u o u s l y, t o ha v e 2500 in t h ree ye a rs ?

Solución

Principal : 2151.77

Pasos de solución

Translate the problem into an equation:

2500 = P e^{0.05 \cdot 3}

Resolver para

P, 2500 = P e^{0.05 \cdot 3} : P = 2151.77

Principal : 2151.77

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