Joseph invested 16,000 in an account paying an interest rate of 5.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 14 years?

解

Joseph invested 16, 000 in an account paying an interest rate of 5.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 14 years?

解

Amount : 35537.51

解答ステップ

Translate the problem into an equation:

A = 16000 e^{0.057 \cdot 14}

16000 e^{0.057 \cdot 14} = 35537.50871 \dots

最も近い

h u n d re d t h

に四捨五入:

35537.51

Amount : 35537.51

Joseph invested 16,000 in an account paying an interest rate of 5.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 14 years?

解

解

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