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

4) A safe contains 120 coins, the value of which is $10. If the coins consist of nickels and dimes, how many of each kind are in it?
First student's hospital had to declare bankruptcy. a new ceo has been hired who has a reputation for her strategic leadership ability, and she quickly develops
A higher marginal income tax rate reduces incentives to work because
When making a full batch of tuna, you will mix one pouch of tuna with 26 oz (737g) of mayonnaise. HOW much tuna and mayonnaise would you need when making a doub
Read the excerpt from "A Quilt of a Country." What is the point of this splintered whole? What is the point of a nation in which Arab cabbies chauffeur Jewi
What is the value of the expression? ​ 1.2(−3.3)+(−1.2)
How do employees benefit from the government being involved in the labor market?
Someone please help math question?ASAP
Computers are able to continue their operation even when problems are present.
The perimeter of a rectangular is 96 ft. The ratio of the length to the width is 7:5. What are the dimensions of the rectangle A. 2x + 2x = 96 B. 7x + 5x = 96