es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

An initial amount of \$3100 is invested in an account at an interest rate of 3.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after three years.

Solución

A n ini t ia l am o u n t o f $3100 i s in v es t e d in an a cco u n t a t an in t eres t r a t e o f 3.5% p er ye a r, co m p o u n d e d co n t in u o u s l y . A ss u min g t ha t n o w i t h d r a w a l s a re ma d e, f in d t h e am o u n t in t h e a cco u n t a f t er t h ree ye a rs .

Solución

Amount : 3443.2

Pasos de solución

Translate the problem into an equation:

A = 3100 e^{0.035 \cdot 3}

3100 e^{0.035 \cdot 3} = 3443.20289 \dots

Redondear al más cercano hundredth:

3443.2

Amount : 3443.2

Ejemplos populares

Darren invests 4, 500 into an account that earns 5% annual interest. How much will be in the account after 10 years if the interest rate is compounded monthly?Janelle and some friends went out to dinner. The cost of the meal was 68.50. They left a 20% tip. What was the total cost of the dinner, including tip?Crypto gains 28% on 1580. How much was earned Suppose that \$2200 is borrowed for five years at an interest rate of 4.5% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.Do not round any intermediate computations, and round your answer to the nearest cent.Translate Five more than a number times eight.