If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five ye
ars?
1 answer:
Answer:
If you know 6% of 1000 is 60 so each year 60 will add so 60x5 is 300 so you will earn 300 in 5 years.
Step-by-step explanation:
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I hope that's help !
