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Beliebt Word Problems >

You deposit 4000 in an account earning 8% interest compounded continuously. How much will you have in the account in 10 years?

Lösung

Y o u d e p os i t 4000 in an a cco u n t e a r nin g 8% 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 yo u ha v e in t h e a cco u n t in 10 ye a rs ?

Lösung

Amount : 8902.16

Schritte zur Lösung

Translate the problem into an equation:

A = 4000 e^{0.08 \cdot 10}

4000 e^{0.08 \cdot 10} = 8902.16371 \dots

Round to the nearest hundredth:

8902.16

Amount : 8902.16

Beliebte Beispiele

Seven more than twice the number is 23. What is the number?The product of two consecutive odd integers is 15 The product of six and seven more than a number is 50.You invest 5000 at 8% interest compounded monthly. How much money will you have after 8 years?2 less than a number is 8