connerb87 connerb87

28-10-2018
Mathematics

contestada

What is the compound interest if $480 is invested for 12 years at 6% compounded continuously?

Respuesta :

mathstudent55 mathstudent55

29-10-2018

Answer:

$506.13

Step-by-step explanation:

[tex] A = Pe^{rt} [/tex]

[tex] A = $480 \times e^{0.06 \times 12} [/tex]

[tex] A = $986.13 [/tex]

The account will be worth $986.13.

The interest earned is $986.13 - $480 = $506.13.

Answer Link

Otras preguntas

One number is 800 less than 3 times the other, and their sum is 1,200. Find the numbers.

What is the function of chloroplast in plants?I don't understand it. I hoped somenone could give me an explanation as some websites are too confusing. Thanks fo

Dillon is researching what it would take to become a tax auditor. What is the academic requirement for this job? A) a master’s degree and certification B) a voc

This question is based on the following paragraph. The sentences are numbered to help you answer the question. (1) Earth's crust is made up of relatively rigi

Help please! English! You need to focus on organizing the _____________ of your paper. Conclusion Introduction Research question Body paragraphs

About _____ percent of the energy in an organism is used by the animal that eats it. five ten twenty five ninety

Which is the best definition of resistance? A. Resistance occurs when electric charges flow in more than one path. B. Resistance is the tendency for materials t

What is equal to 2000 meters

What is the name for anciet egyptaian writing a. linear a b. cuneiform c. hieroglyphics d. linear b?

The primary immigration station for the east coast was: staten island angel island roosevelt island ellis island