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sladkih [1.3K]
4 years ago
8

If Davis deposits $25,000 in an account that pays 4% annual interest compounded continuously, what will the balance be after 10

years?
Round

To the nearest penny.
Mathematics
2 answers:
goldenfox [79]4 years ago
5 0
Start by setting up your equation like this
A = 25000e^.02*10
then solve, and you should get
A = $30,535.07
irga5000 [103]4 years ago
4 0
The answer is $37295.62
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