I answered the first part, but I wanted to get you guys' opinion to see if it was correct, and to also show me the answer to the second question. Thank you all!
Here is a link to the questions:
http://www.flickr.com/photo_zoom.gne?id=1506235511&context=photostream&size=o
2007-10-07 05:37:20 · 2 answers · asked by finitemathkid 1 in Science & Mathematics ➔ Mathematics
I = P (1 + r/n)^(nt)
compound anually means 1 time per year
n = 1
t = 8
P = 10,000
r = .05
I = 10,000 (1 + .05/1)^(1*8)
I = 14,774.55
use this formula for coumpouding continuously
I = Pe^(rt)
I = 10,000 e^(.05 * 8)
I =~ 14,918.25
2007-10-07 05:44:49 · answer #1 · answered by 7 · 0⤊ 0⤋
You're SO lazy that you couldn't even retype your question.
Go on and study before doing your homework
2007-10-07 12:45:14 · answer #2 · answered by Manolo 4 · 1⤊ 0⤋