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Populaire Word Problems >

900 are deposited in an account with 7%interest rate, compounded continuously.What is the balance after 6 years?

Solution

900 a re d e p os i t e d in an a cco u n t w i t h 7% in t eres t r a t e, 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 6 ye a rs ?

Solution

Amount : 1369.77

étapes des solutions

Translate the problem into an equation:

A = 900 e^{0.07 \cdot 6}

900 e^{0.07 \cdot 6} = 1369.76540 \dots

Arrondir à hundredth la plus proche:

1369.77

Amount : 1369.77

Exemples populaires

if you invest 2600 at 3% interest per year how much will you have all together after 2 years 45 is 60% of what amount accurate to the cent.the sum of a number time 5 and 21 is at most 25 The product of a number and six increased by 12 is 72 . Find the number.R550.00 increased by 15% what is the new price