Register
you deposit $500 in an account that pays 5% annual interest compound continuously what is the balance after 3 years
63.2k views
25 votes
you deposit $500 in an account that pays 5% annual interest compound continuously what is the balance after 3 years

User Kaustubh Karkare
by
7.4k points

1 Answer

6 votes

Answer:

So I= p x r/100 x t

= 500 x 5/100 x 3

= 25 x 3

$75 interest

Balnce will be $575

User Amin Abdolrezapoor
by
7.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.8m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!