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Kayla invests $8,213 in a savings account with a fixed annual interest rate of 6% compounded continuously. What will the account balance be after 12 years?
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Kayla invests $8,213 in a savings account with a fixed annual interest rate of 6% compounded continuously. What will the account balance be after 12 years?

User Iver
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2 Answers

3 votes
59136.36 is the answer.
User Steve V
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5.4k points
3 votes
It is 5913.36. You have to multiply all of them together except that you have to turn the percent to a decimal before multiplying.
User Siraj Sumra
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