Find the accumulated amount in an account

Assignment Help Mathematics
Reference no: EM131637680

Question: CONTINUOUSLY COMPOUNDED INTEREST If a principal of P dollars is deposited in an account earning interest at the rate of r/year compounded continuously, then the accumulated amount at the end of t yr is given by

A = f(P, r, t) = Pert

Dollars. Find the accumulated amount at the end of 3 yr if a sum of $10,000 is deposited in an account earning interest at the rate of 6%/year.

Reference no: EM131637680

Questions Cloud

Why might these stereotypes be perpetuated : Where do you think these ideas and impressions of nationalities and identity groups come from? Why might these stereotypes be perpetuated?
Calculate the annual depreciation charge for each year : ACCT603 ACCOUNTING FOR CORPORATE STRUCTURE ASSIGNMENT. Calculate the annual depreciation charge for each of the six years of the truck's life
What is platos definition of justice in a person : Briefly describe ONE of Socrates arguments why it would be wrong to escape his punishment as Crito suggests. What is Plato's definition of Justice in a person?
Manufacturer purchases microchips from world-class supplier : A computer manufacturer purchases microchips from a world-class supplier.
Find the accumulated amount in an account : Find the accumulated amount at the end of 3 yr if a sum of $10,000 is deposited in an account earning interest at the rate of 6%/year.
What is the change in inventory : If the throughput time is reduced to 3 hours without changing the cycle time, what is the change in inventory (as a percentage)?
Who have committed crimes are discussed in the media : When African Americans who have committed crimes are discussed in the media they are presented as:
Evaluate the approval procedure for applicants : Evaluate the approval procedure for applicants. What would be the components in a recruiting system you design?
Define force generated by a centrifuge : FORCE GENERATED BY A CENTRIFUGE A centrifuge is a machine designed for the specific purpose of subjecting materials to a sustained centrifugal force.

Reviews

Write a Review

Mathematics Questions & Answers

  Question regarding related rates

Two carts A and B are connected by a rope 39 feet long that passes over pulley P. The point Q is on the floor directly beneath P and between the carts. Cart A is being pulled away from Q at a speed of 2 ft/sec.

  List the ordered pairs in the relations

List the ordered pairs in the relations on {1, 2, 3} corresponding to these matrices (where the rows and columns correspond to the integers listed).

  Find the formula for the lateral surface area

Find the formula for the lateral surface area of a right circular cone of radius r and height h.

  Find the rate at which water is being pumped

If the water level is rising at a rate of 20.000 centimeters per minute when the height of the water is 2.500 meters, find the rate at which water is being pumped into the tank in cubic centimeters per minute.

  Do such tests have any potential drawbacks

Explain how probabilistic primality tests are used in practice to produce extremely large numbers that are almost certainly prime. Do such tests have any potential drawbacks?

  Problem related to nonprice competition

Think of a somewhat differentiated good or service that you can buy locally in any number of different places-for example.

  How many different passwords are available

Suppose that a password for a computer system must have at least 8, but no more than 12, characters, where each character in the password is a lowercase.

  Vocalist and pianist of offbeat rock group

Amanda Palmer, lead vocalist and pianist of offbeat rock group The Dresden Dolls, became the fastest ever entrepreneur to reach a Kickstarter goal in May 2012 when her campaign to finance a new independent solo album topped $100,000 in just four h..

  What is the minimum cost

The marginal cost C(x) of manufacturing x cell phones is 2 C ( x) = 5 x - 200 x + 4000 . How many cell phones should be manufactured to minimize cost? What is the minimum cost?

  How many of the employees earn

in a company with 3000 employees, the monthly salaries are normally distributed. The mean salary is $2700, with a standard deviation of $400. About how many of the employees earn more than $2460 per month?

  Optimum operator-machine interaction time

problem related to Mathematics and it explains about calculation of optimum operator-machine interaction time.

  A c drive and h drive what is h

Question 1: I have a C drive and H drive , what is H ? Question: If Anu had Rs 600 left after spending 75% of her money,how much did she have in the beginning ? Answer both mathematiics question

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd