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

Divide 5 pounds 8 ounces by 3 ? please show work
The sum of -7 times a number and 8 times the sum of the number and 1 is the same as the number minus 7
Gabe is mapping out important family events. He uses negative numbers to represent time before he was born and positive numbers to represent time after he was b
Where was the first national ffa convention held
what is the advantage in choosing the wavelength of light as a standard of length?​
Find the cube root of 2^6*3^6*5^3
The nearest ten 1202(38)
Reflect D(3,3) E(0,5) and F(-2,2) on the x axis and then lable them D' E' and F'​
Write the phrase as a rate in simplest form. 320miles on 34gallons
Proprietary colleges often have issues with A. integration B. creditors c. immigration D. accreditation