montaguesara05 montaguesara05

22-08-2021
Mathematics

contestada

how much would $500 invested at 5% interest compounded continuously be worth after 8 years?
a: $700
b:$709.58
c:$745.88
d.$738.73

Respuesta :

Polyblock Polyblock

22-08-2021

Answer:

D

Step-by-step explanation:

We will need to use the compound interest formula:

A = P(1 + r)ⁿ

A = final amount

P = Initial amount

r = rate

n = time applied

Our equation will then look like this

A = 500(1.05)⁸

A = 738.72772

Answer Link

Otras preguntas

Where did civilization get its start in China? A. in the Yellow and Yangtze River Valleys B. at the edge of the Gobi C. along the Pacific coast D. in the foothi

Mike and Andre want to equally share 4/6 feet of rope. What amount of rope should each person get? 1/3 3/6 1/2 1/6

Ford's administration was plagued by the problem of ?

What was a goal of the Zapatistas of Mexico in 1994?

why did northern ireland scotland and wales gain their own legislatures. HELP

A picture frame measures 18 inches by 24.5 inches. find how many square inches of glass the frame requires

The conference that kept Czechoslovakia independent but placed Sudetenland under German control was known by what name? A. Hitler Conference B. Munich Conferenc

Who controls the means of production in a communist economic system? A. wealthy individuals B. government agencies C. foreign investors D. public trusts

On what interval is the functioning decreasing m(x)=4x^3-5x^2-7x?

Which two European countries had established the most colonies in Africa by the end of the 1800s? A. Portugal and the Netherlands B. Britain and France C. Brita