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Populaire Word Problems >

How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have 2500 in two years?

Solution

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 6.5% 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 tw o ye a rs ?

Solution

Principal : 2195.24

étapes des solutions

Translate the problem into an equation:

2500 = P e^{0.065 \cdot 2}

Solutionner pour

P, 2500 = P e^{0.065 \cdot 2} : P = 2195.24

Principal : 2195.24

Exemples populaires

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