Concept explainers
(a)
The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.
Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time
(b)
The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.
Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time
(c)
The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.
Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time
(d)
The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.
Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time
(e)
The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.
Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time
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Chapter 8 Solutions
INTERM ALGEBRA LL + ALEKS 360
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education
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