The amount of money you have if you invested $15,000 dollars for 11 years at 3% annual interest compounded continuously is $20864.521
<h3><u>Solution:</u></h3>
You invested $15,000 dollars for 11 years at 3% annual interest compounded continuously
To find: total amount of money
<em><u>The compound interest formula for compounded continously is given as:</u></em>
Where "p" is the principal
"r" is the rate of interest
"t" is the number of years
Here in this problem,
p = 15000
r = 3 % = = 0.03
t = 11 years
<em><u>Substituting the values in formula we get,</u></em>
So the amount of money you have is $ 20864.521