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Korvikt [17]
2 years ago
11

Find the interest earned on a $10,000 balance for nine months at 3 1/4% interest compounded continuously ?

Mathematics
1 answer:
Harlamova29_29 [7]2 years ago
3 0
Total = Principal * e^(rate * years)
Total = 10,000 * e^(.0325 * .75)
Total = 10,000 * <span> <span> <span> 1.0246744988 </span> </span> </span>
Total = <span> <span> <span> 10,246.75
Therefore the interest = 246.75


</span></span></span>

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