it

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popolare Word Problems >

A person places 398 in an investment account earning an annual rate of 9.7%, compounded continuously, determine the amount of money, to the nearest cent, in the account after 7 years.

Soluzione

A p erso n pl a ces 398 in an in v es t m e n t a cco u n t e a r nin g an ann u a l r a t e o f 9.7%, co m p o u n d e d co n t in u o u s l y, d e t er min e t h e am o u n t o f m o n ey, t o t h e n e a res t ce n t, in t h e a cco u n t a f t er 7 ye a rs .

Soluzione

Amount : 784.82

Fasi della soluzione

Translate the problem into an equation:

A = 398 e^{0.097 \cdot 7}

398 e^{0.097 \cdot 7} = 784.81812 \dots

Arrotondare all' hundredth più vicino:

784.82

Amount : 784.82

Esempi popolari

Kendra has 1,757 in an account that earns 12% interest compounded annually.To the nearest cent, how much interest will she earn in 1 year?The product of two consecutive positive numbers is 42 . Find the numbers.Nine more than the quotient of a number and 2 equals 7.The sum of 2 times a number and 4 equals 3 The radius of a cerchio is 13 cm. Find its area in terms of