Solution
Jamie is investing 47, 000 in an account paying 9.26% interest compounded continuously.What will Jamie's account balance be in 17 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
Kate is three times as old as her son. If kate is 30 years old than her son, what are their ages?The size of the rat population of a wharf area grows at a rate of 8% monthly. If there are 400 rats in June, find how many rats should be expected by next JuneOscar can drive 4 times as fast as Carlos can ride his bicycle. If it takes Carlos 3 hours longer than Oscar to travel 76 miles, how fast can Carlos ride his bicycle?Seven times a number minus the number is-48. Find the number.Fifteen added to the quotient of 8 and a number is 7.