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Beliebt Word Problems >

Find the accumulated value of an investment of 8,000 at 9% compounded continuously for 3 years.

Lösung

F in d t h e a cc u m u l a t e d v a l u e o f an in v es t m e n t o f 8, 000 a t 9% co m p o u n d e d co n t in u o u s l y f or 3 ye a rs .

Lösung

Amount : 10479.72

Schritte zur Lösung

Translate the problem into an equation:

A = 8000 e^{0.09 \cdot 3}

8000 e^{0.09 \cdot 3} = 10479.71560 \dots

Round to the nearest hundredth:

10479.72

Amount : 10479.72

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