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

Aqueous solutions of this ion give a reddish precipitate when excess hydroxide ion is added. (A) Cu^{2+} (B) CO₃^{2−} (C) Fe^{3+} (D) Al^{3+} (E) Pb^{2+}
How would I find the slope intercept form of x+y+3=0?
What is a list of countries without volcanoes?
Force and Motion: Force changes _________.
Solve: K= 2(11 - k) + 14
Write each decimals as a fractions or a mixed number. 26.3 and 7.104 >> help <
How do you divide. Please help I can't remember.
How was Martin Luther King a significant figure in the Civil Rights Movement?
Is 26 a perfect square?
How do figure out 120/f = 1.2?