Find the amount that results from investing $5000 at 3% compounded continuously for 5 years. Round your answer to two decimal places.

The amount that results from investing $5000 at 3% compounded continuously for 5 years is $5800

Step-by-step explanation:

We are given:

Principal Amount (P) = $5000

Years (t) = 5

Rate (r) = 3% or 0.03

We need to find New Amount (A)

The formula used is:

Since amount is compounded continuously so n=1

Putting values and finding A

So, New Amount (A) = $5800

The amount that results from investing $5000 at 3% compounded continuously for 5 years is $5800

the slope of the line is 60

one point on the line is (40,10)

step-by-step explanation:

in the equation outside the parenthesis the equation always tells you the slope. in this case it is 60.

in the parenthesis is also says 40 which is x because it is near the x and 10 is y because it is near y.

on monday rodney ate 1/4th of the sandwich = 3/12

on tuesday he ate 1/3rd of the sandwich = 4/12

therefore in total he has eaten = 3/12 + 4/12 = 7/12

thus we can say that he has eaten 7/12 of the sandwich on monday and tuesday alltogether.

happy to

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