Accumulated amount of money flow  an investment is expected to yield a uniform continuous rate of money flow of $20,000 per year for 3 years. find the accumulated amount at an interest rate of 4% compounded continuously.

Amount after 3 years will be $22496

Step-by-step explanation:

We have given principal amount P = $20000

Rate of interest r = 4 %

Time period t = 3 years

We have to find the amount after 3 years

Amount is given by

So

So amount after 3 years will be $22496

hello :

by applying the distributive property :

6 × 4.3 = 6 × ( 4 + 0.3 )

            =   (6 ×   4) + (6 ×   0.3)

            = 24 + 1.8

6 × 4.3 = 25.8

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for