Mathematics

Jerome Jackson

22 May, 14:28

A person places $7230 in an investment account earning an annual rate of 8.6%, compounded continuously. Using the formula V = P e r t V=Pe rt, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 3 years.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “A person places $7230 in an investment account earning an annual rate of 8.6%, compounded continuously. Using the formula V = P e r t V=Pe ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

What are all the factors or 32

Which describes the amount of product a seller is able to make? O A. Market O B. Demand O C. Supply O D. Can't tell

Of the 80 students in class, 25 are studying German, 15 French and 13 Spanish. 3 are studying German and French; 4 are studying French and Spanish; 2 are studying German and Spanish; and none is studying all 3 languages at the same time.

Kenneth drove 174.2 miles in 3 7/20 hours. What was his average speed?

B) now find the taxes on a property that has an assessed valuation of $180,500

New Questions in Mathematics

The equation y = 0.002x - 0.30 can be used to determine the approximate cost, y in dollars, of producing x items. How many items must be produced so the cost will be no more than $387?

Skinny Malone has a lot of pets he has 4 more goldfish than Turtles and one less Canary than goldfish six of his pets are birds. he has two parakeets. How many pets does skinny have?

Kathy had $45.67 in her checking account. She wrote a check for $65.23. What was her balance after the check was cashed? A. $110.90 B. $39.56 C. - $19.56 D. - $110.90

The sides of a triangle are 15, 20 and 25. Find the length of the shortest altitude

Divide M2 N3 / P3 by MP / N2. A. M3 / NP2 B. MN5 / P4 C. N3 / P4 D. MN / P2