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3 years ago

Larry invests $7,000 in an account that earns 6% interest compounded continuously. How much will Larry

Mathematics

2 answers:

katrin2010 [14]3 years ago

8 0

Answer:

9940

Step-by-step explanation:

its easy please give brainlist

rusak2 [61]3 years ago

5 0

Answer:

~10525.41 after 7 years

Step-by-step explanation:

y=a(1+r)^x

That's the equation for exponential growth

a= the starting amount

r= the rate at which it is growing

x=years

with that information

a=7000

r=6% or 0.06

so y=7000(1+0.06)^x -> y=7000(1.06)^x

x=7

y=7000(1.06)^7

y~10525.41

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