An initial investment of $5000 earns 8.8% interest, compounded continuously. What will the investment be worth in 12 years? Please round the answer to the nearest cent. S If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years Write an equation in slope-intercept form of the line that passes through (-4, 4) and (2,-7).
An initial investment of $5000 earns 8.8% interest, compounded continuously. What will the investment be worth in 12 years? Please round the answer to the nearest cent. S If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years Write an equation in slope-intercept form of the line that passes through (-4, 4) and (2,-7).
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University