ZBreeze18 ZBreeze18

27-07-2017
Mathematics

contestada

if you were to place 2500 in a savings account that pays 5% interest compounded continuously, how much money will you have after 10 years

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Aliwohaish12 Aliwohaish12

28-07-2017

The formula is
A=p e^rt
A future value?
P present value 2500
E constant
R interest rate 0.05
T time 10 years
A=2,500×e^(0.05×10)
A=4,121.80

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