es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

If 535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

Solución

If 535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

Solución

Amount : 974.83

Pasos de solución

Translate the problem into an equation:

A = 535 e^{0.06 \cdot 10}

535 e^{0.06 \cdot 10} = 974.83355 \dots

Round to the nearest hundredth:

974.83

Amount : 974.83

Ejemplos populares

How much money will there be in an account at the end of 8 years if 1,100 is deposited at a 5.5% annual rate that is compounded continuously 2200 dollars is placed in an account with an annual interest rate of 7.25%. How much will be in the account after 29 years, to the nearest cent?A sum of R12,500 amounts to R15,500 in four years at the rate of simple interest. What is the rate of interest?9000 dollars is placed in an account with an annual interest rate of 7.75%. How much will be in the account after 18 years, to the nearest cent?6900 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 26 years, to the nearest cent?