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3 years ago

8

If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your accou

nt in 5 years? Assume you make no additional deposits or withdrawals.

2 answers:

nalin [4]3 years ago

7 0

A=pe^rt
A=1,500×e^(0.04×5)
A=1,832.10

garri49 [273]3 years ago

4 0

Assuming its monthly interest then you will have 3600 dollars over the course of five years

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