Algebra

find the amount of money accumulated if you invested $10,000 at 5.4% interest for 8 years compounded continuously.

  1. 👍 0
  2. 👎 0
  3. 👁 122
asked by Chake
  1. the total will be

    10000*e^(8*.054) = 15,403.35

    1. 👍 0
    2. 👎 0
    posted by Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Find the accumulated amount A if the principal, P = $3700 is invested at the interest rate r = 7%/year for t = 12.5 years compounded semiannually. Round your answers to two decimal places. ​ a. The accumulated amount is

    asked by Jass on October 22, 2016
  2. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the

    asked by lin on October 6, 2012
  3. Plz Hel, word problem:)

    I have tried hard to solve, but I'm stuck.... Let’s use our knowledge of quadrantic equations to analyze a real world business application. If P dollars is invested at r rate of interest compounded anually t years, then the

    asked by Jesee on September 24, 2010
  4. math

    Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = $24,000, r = 7%, t = 6, compounded monthly $ ?

    asked by Amanda on November 27, 2012
  5. Math

    Your Aunt will give your $1,ooo if you invest it for 10 years in an account that pays 20% interest compounded annually. That is, at the end end of each year your interest will be added to your account and invested at 20%. What

    asked by Natalie on August 30, 2006
  6. math

    At the beginning of every year, a man deposited $ 10,000 in a financial institution which paid compound interest at the rate of 20% p.a. He stopped further deposits after three years. The Money remained invested in the financial

    asked by kudu please check is it corret? on February 6, 2015
  7. math

    Find the accumulated amount A if the principal P = $3,000 is invested at the interest rate of r = 9% per year for t = 5 years, compounded annually. Please round your answer to the nearest cent.

    asked by Anonymous on October 14, 2012
  8. Algebra

    I invested $42,000 in three funds paying 5%, 7%, and 9% simple interest. The total annual interest from these investments was $2,600. The amount of money invested at 5% was $200 less than the amount invested at 7% and 9% combined.

    asked by Darrell on April 13, 2011
  9. Math

    (a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a

    asked by Lesedi on August 26, 2014
  10. math

    At the beginning of every year, a man deposited $ 10,000 in a financial institution which paid compound interest at the rate of 20% p.a. He stopped further deposits after three years. The Money remained invested in the financial

    asked by kudu pls check is this correct on February 5, 2015

More Similar Questions