pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Patrick opened a savings account and deposited 7,000.00 as principal. The account earns 8% interest, compounded continuously. What is the balance after 2 years?

Solução

P a t r i c k o p e n e d a s a v in g s a cco u n t an d d e p os i t e d 7, 000.00 a s p r in c i p a l . T h e a cco u n t e a r n s 8% in t eres t, co m p o u n d e d co n t in u o u s l y . Wha t i s t h e ba l an ce a f t er 2 ye a rs ?

Solução

Amount : 8214.58

Passos da solução

Translate the problem into an equation:

A = 7000 e^{0.08 \cdot 2}

7000 e^{0.08 \cdot 2} = 8214.57609 \dots

Round to the nearest hundredth:

8214.58

Amount : 8214.58

Exemplos populares

The population of a city has increased by 33% since it was last measured. If the current population is 39900, what was the previous population?rectangle has a length of 64 inches and a width of 32 inches. What is the área, in square inches, of the rectangle?four times a number is at most five Set up a linear system and solve.:The sum of two integers is 43 and their difference is 1 . Find the integers.Bonnie earned some money doing odd jobs last summer and put it in a savings account that earns 13% interest compounded monthly. After 10 years, there is 200.00 in the account. How much did Bonnie earn doing odd jobs?