cardenasi32
cardenasi32 cardenasi32
  • 04-06-2017
  • Mathematics
contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

jdoe0001 jdoe0001
  • 04-06-2017
[tex]\bf \qquad \textit{Continuously Compounded Interest Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\to &\$15000\\ P=\textit{original amount}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\to &0.059\\ t=years\to &12 \end{cases} \\\\\\ 15000=Pe^{0.059\cdot 12}[/tex]

solve for P
Answer Link

Otras preguntas

Ron is tiling a countertop. He needs to place 54 square tiles on each of 8 rows to cover the counter. He wants to randomly place 8 groups of 4 blue tiles each a
How many solutions does this equation have? -8y 8y = 0
To divide 572 divided by 4 Stanley estimated to place the first digit of the quotient. In which place is the first digit of the quotient?
The sermon during the Great Awakening was an example of a primary source because it was written by
(85 POINTS!) A nerve signal is like a wave. How does this work? A: An electrical wave moves down the axon by electrons moving from the place the signal starte
the ninth amendment has been interpreted to support which of the following rights? A. RIGHT TO FREE SPEACH B. RIGHT TO ASSEMBLE C. RIGHT TO PRIVACY D.RIGHT TO P
Which type of irony is used
how do I solve this solution of -2(-3m-2)=32?
how do you explode stuff
which of the following routes involves trade outside of the byzantine empire? a. massilia to carthage b. Rome to Athens c. Alexandria to Ravenna d. Antioch to