Ask a New Question
Search
How much should be deposited in a bank at a rate of 12% compounded continuously for 5 years if its accumulated amount is P9, 110.60?
1 answer
xe^(0.12*5) = 911.6
x = 500.30
or probably just P500
Ask a New Question
or
answer this question
.
Similar Questions
A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compounded half yearly during the
3 answers
Suppose that interest on money in the bank accumulates at an annual rate of 6% per year compounded continuously. If you deposit
1 answer
If P(t) is the amount of dollars in a savings bank account that pays a yearly interest rate of r% compounded continuously ,then
2 answers
Suppose that interest on money in the bank accumulates at an annual rate of 5% per year compounded continuously. How much money
4 answers
more similar questions