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Popular Word Problems >

Rosanne is saving up money to buy a car. Rosanne puts 10,000.00 into an account which earns 10% interest, compounded continuously. How much will she have in the account after 3 years?

Solução

R os ann e i s s a v in g u p m o n ey t o b u y a c a r . R os ann e p u t s 10, 000.00 in t o an a cco u n t w hi c h e a r n s 10% in t eres t, co m p o u n d e d co n t in u o u s l y . Ho w m u c h w i ll s h e ha v e in t h e a cco u n t a f t er 3 ye a rs ?

Solução

Amount : 13498.59

Passos da solução

Translate the problem into an equation:

A = 10000 e^{0.1 \cdot 3}

10000 e^{0.1 \cdot 3} = 13498.58807 \dots

Round to the nearest hundredth:

13498.59

Amount : 13498.59

Exemplos populares

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