adrian2006
12.08.2020 •
Mathematics
If you invest $600 at 5% interest compounded continuously, how much would you make after 6 years?
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Ответ:
809.915$
Step-by-step explanation:
Amount of money = Principal x e^(rate x year)
= 600 x e^(0.05 x 6)
= 809.915$
Ответ:
$809.92
Step-by-step explanation:
(see attached for reference)
Recall that the formula for compound interest (compounded continuously) is
A = P e^(rt)
where,
A = final amount (we are asked to find this)
P = principal = given as $600
r = interest rate = 5% = 0.05
t = time = 6 years
e = 2.71828 (mathematical constant)
Substituting the known values into the equation:
A = P e^(rt)
= 600 e^(0.05 x 6)
= 600 (2.71828)^(0.30)
= $809.92
Ответ:
this doesn't explain anything
Step-by-step explanation: