en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

You deposit 3000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years?

Solution

You deposit 3000 in an account earning 5% interest compounded continuously. How much will you have in the account in 10 years?

Solution

Amount : 4946.16

Solution steps

Translate the problem into an equation:

A = 3000 e^{0.05 \cdot 10}

3000 e^{0.05 \cdot 10} = 4946.16381 \dots

Round to the nearest hundredth:

4946.16

Amount : 4946.16

Popular Examples

Aubrey opened a savings account and deposited 500.00 as principal. The account earns 13% interest, compounded quarterly. How much interest will she earn after 2 years?9 less than a number Translate the sentence into algebraic symbols. Eleven less than four times a number x is sixty-nine.The sum of four consecutive even numbers is 44 . Find the highest of them.Jayden puts 800.00 into an account to use for school expenses. The account earns 12% interest, compounded annually. How much will be in the account after 8 years?