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

How does the time difference between the first p-wave and the first s-wave relate to the distance to the epicenter?
For 4th grade..create 2 division word problem solving
A non renewable resource that occurs on the earth in limited amounts and may take millions of years to replace
Find a 2 digit number less than 50 using these clues. It can be divided by 4 exactly. When 4 is added to it, it can be divided by 5.
How often should child care facilities conduct a firedrill?
What is the perimeter of the triangle shown below?
Which of the following are First Amendment freedoms? freedom from cruel and unusual punishments life, liberty, and property the right to a trial by jury
How do you understand Abraham Lincoln 's thought? In which situations it's true? "Things may come to those who wait, but only the things left by those who hust
What spark started World War I by setting off the powder keg of nationalism that had been building in Europe in the period prior to 1914? Question 4 options:
Simplify this eaquation