Find the amount that results from the given investment. $10 invested at 5% compounded continuously after a period of 3 years After 3 years, the investment results in $ (Round to the nearest cent as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
icon
Related questions
Question
NO MyLab and Mastering
PDo Homework - Homework 6.7
mathxl.com/Student/PlayerHomework.aspx?homeworkld%3615251416&questionId=1&
Math 1043 College Algebra FA2021 (JPost)
E Homework: Homework 6.7
Find the amount that results from the given investment.
$10 invested at 5% compounded continuously after a period of 3 years
After 3 years, the investment results in $
(Round to the nearest cent as needed.)
Transcribed Image Text:NO MyLab and Mastering PDo Homework - Homework 6.7 mathxl.com/Student/PlayerHomework.aspx?homeworkld%3615251416&questionId=1& Math 1043 College Algebra FA2021 (JPost) E Homework: Homework 6.7 Find the amount that results from the given investment. $10 invested at 5% compounded continuously after a period of 3 years After 3 years, the investment results in $ (Round to the nearest cent as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning