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Mathematics Clinic => Other Maths => Topic started by: BrownTown3 on May 5, 2020

Title: Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 days. ...
Post by: BrownTown3 on May 5, 2020

Question 1

Suppose you invest $P on a CD paying 3.375% interest compounded continuously for a term of 100 days. At the end of the term you get $10,092.89 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $10,125
◦ $9975
◦ $9995
◦ $10,025
◦ $10,000

Question 2

Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 days. At the end of the term you get $8230.66 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $8025
◦ $8065
◦ $7975
◦ $8000
◦ $7995

Title: Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 days. ...
Post by: wtf444 on May 5, 2020

Answer 1

$10,000

Answer 2

$8000

Title: Re: Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 da
Post by: Sam Roehm on Nov 18, 2021

thank you

Title: Re: Suppose you invest $P on a CD paying 4.15% interest compounded continuously for a term of 250 da
Post by: natasha_luz on Nov 18, 2021

thank you