marianospeinadoxdnls marianospeinadoxdnls

23-06-2018
Mathematics

contestada

If Davis deposits $25,000 in an account that pays 4% annual interest compounded continuously, what will the balance be after 10 years?

Round

To the nearest penny.

Respuesta :

23-06-2018

The answer is $37295.62

Answer Link

bayleecase2002 bayleecase2002

23-06-2018

Start by setting up your equation like this
A = 25000e^.02*10
then solve, and you should get
A = $30,535.07

Answer Link

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