Homework Help is Here – Start Your Trial Now!
Math
Algebra
If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $1,945 (c) 12 years $ 3,272 X X

If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $1,945 (c) 12 years $ 3,272 X X

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 65E
See similar textbooks
icon
Related questions
Question
If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $ 1,945 (c) 12 years $ 3,272 X X
Transcribed Image Text:If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $ 1,945 (c) 12 years $ 3,272 X X
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS