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tyricqreed91
26.06.2019 •
Mathematics
How much would $900 be worth after 13 years, if it were invested at 3% interest compounded continuously? (use the formula below and round your answer to the nearest cent.)
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Ответ:
$351.00
Step-by-step explanation:
P is the principal amount, $900.00.
r is the interest rate, 3.00% per year, or in decimal form, 3.00/100=0.03.
t is the time involved, 13year time periods.
So, t is 13year time periods.
To find the simple interest, we multiply 900 × 0.03 × 13 to get the the answer.
Cheers mate!
Ответ: