Question

How much money invested at 5% compounded continuously for 3 years will yield $820? helpp!

Answer 1

let the principal be x
then u have
820 =x(1+.05)^3
x= 820/(1.05*1.05*1.05)=708.35

Answer 2

thanks!!!!!! so much:) can u help me with one more?

Answer 3

write the equation in logarithmic form.

47= 16384

Answer 4

4^7**

Answer 5

if its 4^7= 16384
log 16384 to base 4 =7