ryla45 ryla45
  • 03-01-2019
  • Mathematics
contestada

how much money invested at 5% compounded continuously for 3 years will yield at $820?

Respuesta :

Mammoet
Mammoet Mammoet
  • 03-01-2019

Answer:

Percentage of interest at which the money is invested = 5%

Time for which the money is invested = 3 years

The final amount after 3 years = $820

Let us assume the principal amount = x dollars

We can conclude that the principal amount invested was $708.35.


Answer Link

Otras preguntas

According to scientific evidence, earth’s earliest atmosphere lacked oxygen. Over time, oxygen was added to the atmosphere. Which statements explain how this ch
Demographic studies do not give statistics for a. gender b. wealth c. height d. age
Which act of Congress extended the rights of African Americans to sue, make contracts and own land? * A.the Reconstruction Acts B. the Civil Rights Act of 1866
Who usually provides funds for the early stages of a start-up business
If the Ka of a monoprotic weak acid is 5.4 × 10-6, what is the pH of a 0.25 M solution of this acid?
Reduce, reuse, recycle! These buzz words fuel the green movement that keeps tabs on Earth's environmental health. We can help by using ______________ batteries
use a cliche and I sentence you create
17/4/3/4 in simplest form
What is 154/200as a decimal
List the four basic principles of genetics that Mendel discovered in his experiments. Briefly describe each of these principles.