ramneekcheema ramneekcheema
  • 17-11-2020
  • Mathematics
contestada

You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have in
the account in 15 years?

Respuesta :

rachelsherman123456 rachelsherman123456
  • 19-11-2020

Answer:

$3,715.30

Step-by-step explanation:

Total P+I (A): $3,715.30

Principal (P): $2,000

Compound (n): Continuously

Time (t in years): 15 years

By plugging this into an interest rate calculator, the amount settles to be approximently $3,715.30

Hope this helps!

Answer Link

Otras preguntas

which statement best demonstrates how heredity affects your health?
which statement best describes solon's reforms?
In what way are herbivores and carnivores alike
A marathon runner keeps sipping glucose water at regular intervals. What could be the reason for this?Select one of the options below as your answer:. A. Glucos
the term that describes how long it takes a function to repeat its behavior is the
An ingenious plan is a. evil. c. clever. b. complicated.
Sir Francis Bacon is known for
Is 5,9,15 an arithmetic sequence? Explain
Express each ratio as a fraction in simplest form. . 12 : 36
The solution of 3x = 8 is approximately 1.89.