fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

Boris wants to buy a bond that will mature to 6500 in seven years. How much should he pay for the bond now if it earns interest at a rate of 4% per year, compounded continuously?

Solution

B or i s w an t s t o b u y a b o n d t ha t w i ll ma t u re t o 6500 in se v e n ye a rs . Ho w m u c h s h o u l d h e p a y f or t h e b o n d n o w i f i t e a r n s in t eres t a t a r a t e o f 4% p er ye a r, co m p o u n d e d co n t in u o u s l y ?

Solution

Principal : 4912.59

étapes des solutions

Translate the problem into an equation:

6500 = P e^{0.04 \cdot 7}

Solutionner pour

P, 6500 = P e^{0.04 \cdot 7} : P = 4912.59

Principal : 4912.59

Exemples populaires

Bryan opened a savings account and deposited 4,639.00 as principal. The account earns 9% interest, compounded quarterly. What is the balance after 3 years?120% of what number is 96 The diamètre of a circle is 10 meters. What is the area?How many apples are left from the 10 apples on the table if kira takes 4 The area of a circle is 50.24 square millimeters. What is the circle's diamètre?