fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

You deposit 6000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Use this formula and round to the nearest cent.

Solution

Y o u d e p os i t 6000 in an a cco u n t e a r nin g 5% 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 5 ye a rs ? U se t hi s f or m u l a an d ro u n d t o t h e n e a res t ce n t .

Solution

Amount : 7704.15

étapes des solutions

Translate the problem into an equation:

A = 6000 e^{0.05 \cdot 5}

6000 e^{0.05 \cdot 5} = 7704.15250 \dots

Arrondir à hundredth la plus proche:

7704.15

Amount : 7704.15

Exemples populaires

Find two consecutive numbers whose sum is 625.A square has a perimeter of 88 ft . What is the length of each side?The population of a city has increased by 29% since it was last measured. If the current population is 77400, what was the previous population?Jessica placed 1,100 in a savings account which earns 3.7% interest, compounded annually. How much will she have in the account after 15 years.eleven and a number is equivalent to seven