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פּוֹפּוּלָרִי Word Problems >

You deposit 5000 in an account earning 8% interest compounded continuously. How much will you have in the account in 15 years?

פתרון

Y o u d e p os i t 5000 in an a cco u n t e a r nin g 8% in t eres t co m p o u n d e d co n t in u o u s l y . Ho w m u c h w i ll yo u ha v e in t h e a cco u n t in 15 ye a rs ?

פתרון

Amount : 16600.58

צעדי פתרון

Translate the problem into an equation:

A = 5000 e^{0.08 \cdot 15}

5000 e^{0.08 \cdot 15} = 16600.58461 \dots

Round to the nearest hundredth:

16600.58

Amount : 16600.58

דוגמאות פופולריות

Charis invested 140 . She earned a simple interest of 3% per year on the initial investment. If no money was added or removed from the investment, what was the amount of interest Charis received at the end of two years?currently, a mother is three times as old as her daughter. 10 years from now the sum of their ages will be 68. how old is each person now Mr. and Mrs. Green hope to send their daughter to college in fourteen years. How much money should they invest now at an interest rate of 9.5% per year, compounded continuously, in order to be able to contribute \$9500 to her education?275 is 12.5% of what number Francesca opened a savings account and deposited 300.00. The account earns 4% interest, compounded continuously. If she wants to use the money to buy a new bicycle in 1 year, how much will she be able to spend on the bike?