Bartoclyes Bartoclyes

01-06-2017
Mathematics

contestada

how much money has to be invested at 5.1% interest compounded continuously to have 17000 after 14 years

Respuesta :

arjunpherwani arjunpherwani

01-06-2017

A=P*e^(rt)
So,
17000=P*e^(0.051*14)
Therefore, P=17000/(e^(0.051*14))
P=8324.57 approx.

Answer Link

maryclaire01 maryclaire01

02-03-2019

Answer:

Apex: 8324.59

Step-by-step explanation:

Answer Link

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