es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

If 3500 is invested at an interest rate of 8.25% per year, compounded continuously, find the value of the investment after 4 years

Solución

I f 3500 i s in v es t e d a t an in t eres t r a t e o f 8.25% p er ye a r, co m p o u n d e d co n t in u o u s l y, f in d t h e v a l u e o f t h e in v es t m e n t a f t er 4 ye a rs

Solución

Amount : 4868.39

Pasos de solución

Translate the problem into an equation:

A = 3500 e^{0.0825 \cdot 4}

3500 e^{0.0825 \cdot 4} = 4868.38844 \dots

Redondear al más cercano hundredth:

4868.39

Amount : 4868.39

Ejemplos populares

The circunferencia of a circle is 15pipi m. Find its diameter,The circunferencia of a circle is 15pi cm. What is the area, in square centimeters? Express your answer in terms of pipi A store has a 25% off sale on coats. With discount, the price of one coat is\$34.50. what is the original price of the coat?You deposit 190 in an investment account that earns 7.6% annual interest compounded quarterly.What is the balance of the account after 8 years?The sum of three numbers is 84. The first number is 6 less than the second. The third number is 4 times the second. What are the numbers?