averyyhowe0315 averyyhowe0315
  • 08-05-2018
  • Mathematics
contestada

Find the amount in a continuously compiunded account for the following condition. Principal, $4000; Annual interest rate, 5.1%; time, 2 years

Respuesta :

altavistard
altavistard altavistard
  • 08-05-2018
A = P*e^(rt)

Here,

A = $4000*e^(0.051*2) = $4000*e^1.02 = $4000(2.773) = $11092.78 

Note:  This seems very high to me.
Answer Link

Otras preguntas

which statement best expresses the purpose of the opening words of the us constitution "we the people " A.political sovereignty stems from the consent of the pe
What times what equals 30
Andrew jogged for 50 minutes and covered a distance of 2.2 miles What is Andrew's speed in miles per hour? 1) 22.7 miles per hour 2) 2.64 miles per hour 3)2.2 m
Any quotation taken word for word from a source must be enclosed in quotation marks and cited. This is called a(n) A. direct quotation. B. end citation. C. para
what geographical features did the Mayan lands include
1. Round to the nearest hundredth. 1.824 A. 1.82 B. 1.83 C. 2 D. 1.8
4 tomatoes cost 3.4 what is the unit rate
Is 5/10 in simplest form
4 tomatoes cost 3.4 what is the unit rate
how does the body get rid of cell wastes