es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Finn and Ellie deposit 600.00 into a savings account which earns 5% interest compounded continuously. They want to use the money in the account to go on a trip in 1 year. How much will they be able to spend?

Solución

F inn an d Ell i e d e p os i t 600.00 in t o a s a v in g s a cco u n t w hi c h e a r n s 5% in t eres t co m p o u n d e d co n t in u o u s l y . T h ey w an t t o u se t h e m o n ey in t h e a cco u n t t o g o o n a t r i p in 1 ye a r . Ho w m u c h w i ll t h ey b e ab l e t o s p e n d ?

Solución

Amount : 630.76

Pasos de solución

Translate the problem into an equation:

A = 600 e^{0.05 \cdot 1}

600 e^{0.05 \cdot 1} = 630.76265 \dots

Redondear al más cercano hundredth:

630.76

Amount : 630.76

Ejemplos populares

The perimeter of a rectangle is 48 inches. If the width of the rectangle is 6 inches, what is the length?The sum of a number and 5 is-42. What is the number?A person invests 7500 dollars in a bank. The bank pays 6.75% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 15200 dollars?Vivian opened a savings account 8 years ago. The account earns 9% interest, compounded continuously. If the current balance is 400.00, how much did she deposit initially?How much to the nearest dollar should you deposit in a savings account at 4% annual simple interest in ordenar to have a balance of 20,000 after five years?