marlainarobinson marlainarobinson

07-07-2020
Mathematics

contestada

Find the amount in an account where $500 is invested at 2.5% compounded continuously for a period of 10 years

Respuesta :

07-07-2020

Answer:

$624.01

Step-by-step explanation:

Continuously Compounded Formula: A = Pe^(rt)

Simply plug in our known variables:

A = 500e^(0.025(10))

A = 642.013

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