Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. calculus
  3. suppose that p dollars in principal is invested in

Suppose that P dollars in principal is invested in an account earning 4 3 interest...

90.2K

Verified Solution

Question

Calculus

image

Suppose that P dollars in principal is invested in an account earning 4 3 interest compounded continuously At the end of 4 yr the amount in the account has earned 1595 26 in interest Part 0 2 Part 1 of 2 a Find the original principal Round to the nearest dollar Hint Use the model A Pet and substitute P 1595 26 for A The original principal was approximately Part 1 2 Part 2 of 2 X b Using the original principal from part a and the model A Pe determine the time required for the investment to reach 15 000 Round to 1 decimal place Using the original principal from part a and the model A Pe it will take the investment approximately yr to reach X S

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Because the Constitution sets out the enumerated powers of each branch of government, there is...

Physics
1.2K views

Silver and copper voltameter are connected in parallel with a battery of e m f...

Physics
1.2K views

Two capacitors C 4 61 F and C 14 0 F are connected in parallel...

Physics
1.2K views

A block is placed on the top of a fixed smooth sphere as shown and...

Basic Math
1.2K views

What is the sum of the interior angles of a regular polygon with 12 sides?A....

Calculus
1.2K views

Formative Assessment 7 Write the letter of the expression on the right that is equivalent...

Algebra
1.2K views

Carl and Rick are traveling to a store 5 miles away Carl is riding a...

Accounting
1.2K views

Garden Depot is a retailer thot is preparing its budget for...

Accounting
1.2K views

1.2 REQUIRED Use the information provided below to calculate the amount earned by Joan on...

Accounting
1.2K views

The allowance method of accounting for uncollectible accounts is required if O the company makes...

Accounting
1.2K views

SCENARIO 3 HGA Ltd is a merchandiser. The company has a bank overdraft of $20,000...

Accounting
1.2K views

Problem 7-47 Finding Missing Data (LO 7-2, 3) company could recover only a few fragments...