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Beliebt Word Problems >

Suppose 5,000 is invested at 6% compounded continuously. What will the accumulated amount be after 3 years?

Lösung

S u pp ose 5, 000 i s in v es t e d a t 6% co m p o u n d e d co n t in u o u s l y . Wha t w i ll t h e a cc u m u l a t e d am o u n t b e a f t er 3 ye a rs ?

Lösung

Amount : 5986.09

Schritte zur Lösung

Translate the problem into an equation:

A = 5000 e^{0.06 \cdot 3}

5000 e^{0.06 \cdot 3} = 5986.08681 \dots

Round to the nearest hundredth:

5986.09

Amount : 5986.09

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