If $9000 is invested in an account for which interest is compounded continuously

Algebra
Tutor: None Selected Time limit: 1 Day

If $9000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end of 15 years for the following interest rates. (Round your answers to the nearest cent.)
(a)    3%
  

(b)    4%
  

(c)    5.5%
  

(d)    8%
 
Jul 17th, 2015

Thank you for the opportunity to help you with your question!

Thank you for the opportunity to help you with your question!

A = Pe rt


3%

a)  $ 14114.81


4%

b) $ 16399.07


5.5%

c)$   20536.93


 8 %

d)  $ 29881.05




Please let me know if you need any clarification. I'm always happy to answer your questions.Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 17th, 2015

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Jul 17th, 2015
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Jul 17th, 2015
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