hyunsunk10 hyunsunk10
  • 13-02-2021
  • Mathematics
contestada

If lucas puts $1500 in a saving account that pays 3% interest compounded annually, how much money will he have in the account after 5 years?

Respuesta :

Аноним Аноним
  • 13-02-2021

Answer:A = 1500e^(0.03 * 5) = 1500e^(0.15)

use definition of logarithm

0.15 = ln(A / 1500)

0.15 = ln(A) - ln(1500)

ln(A) = 0.15 + ln(1500) = 0.15 + 7.313220387 = 7.463220387

Answer Link

Otras preguntas

name two decimals that are equivalent to 7.75?
What problems may parents face during the transition that occur during adolescence?
2.51 in expanded and word form
The equation C  (F  32) allows you to convert betweenCelsius and Fahrenheit temperatures. C is the temperature in degreesCelsius (°C) and F is the temperature i
How divide 32.4 into 52 step by step.
Explain how advances in learning and technology influenced fifteenth and sixteenth century European exploration and trade.
what is 7.75 in word form?
A ton avis,pourquoi les jeunes souffrent-ils des troubles alimentaire   please give me your opinions in french I am actually struggling
On a map, two cities are 5 and 3/4 inches apart. The scale of the map is 1/2 inch = 3 miles. What is the actual distance between the towns?
How do u write 0.0000000405 in scientific notation ?