es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Luke invested a principal amount of 592.00, with 3% that compounds continuously.It has been accruing interest for 5 years.What total value does Bob now have?

Solución

Lu k e in v es t e d a p r in c i p a l am o u n t o f 592.00, w i t h 3% t ha t co m p o u n d s co n t in u o u s l y . I t ha s b ee n a ccr u in g in t eres t f or 5 ye a rs . Wha t t o t a l v a l u e d oes B o b n o w ha v e ?

Solución

Amount : 687.81

Pasos de solución

Translate the problem into an equation:

A = 592 e^{0.03 \cdot 5}

592 e^{0.03 \cdot 5} = 687.80587 \dots

Redondear al más cercano hundredth:

687.81

Amount : 687.81

Ejemplos populares

if 850 are deposited into an account with 6% interest rate, compounded monthly, what is the balance after 7 years A woman is 4 times older than her daughter .6 years ago the product of their ages was 136. find their new ages 5400 dollars is placed in an account with an annual interest rate of 9%. To the nearest tenth of a year, how long will it take for the account value to reach 15500 dollars?what sit he result when the number 50 increased by 10%Two cyclists start at the same point and travel in opposite directions. One cyclist travels 4 miles per hour slower than the other. If the two cyclists are 60 miles apart after 2 hours, what is the rate of each cyclists?