Khloe invested $11,000 in an account paying an interest rate of 4.8% compounded continuously. Assuming no deposits or withdrawal
s are made, how much money, to the nearest ten dollars, would be in the account after 17 years?
1 answer:
Answer:
24,880
Step-by-step explanation:
A= where P is the initial amount, r is the intrest rate as a decimal fraction, and t is the time in years. Here we have:
A= 11,000e(0.048x17) = 24,875.80
round and you get 24,880
i hope this helps
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