Elizabeth puts 236,000 into an account that earns 4.95% interest compounded continuously. How much will she have in her account at the end of 12.5 years?

Lời Giải

Elizabeth puts 236, 000 into an account that earns 4.95% interest compounded continuously. How much will she have in her account at the end of 12.5 years?

Lời Giải

Amount : 438158.98

Các bước giải pháp

Translate the problem into an equation:

A = 236000 e^{0.0495 \cdot 12.5}

236000 e^{0.0495 \cdot 12.5} = 438158.97670 \dots

Làm tròn đến hundredth gần nhất:

438158.98

Amount : 438158.98

Ví dụ phổ biến

Directions: Set up and solve an equation for each The product of 7 and a number, increased by 3 is equal to twice the number, subtracted from 39. Find the number.The larger of the two numbers is 3 more than four times the smaller. The hiệu of the larger number and the smaller number is 6. Find the numbers Eight times the hiệu of a number and 3 is 40 Find three consecutive even integers such that the sum of the smallest integer and twice the trung vị integer is 20 more than the largest integer.The sum of two times a number and the number is greater than eight.