You invest $1070 in an account with a 4.8% interest rate, compounded continuously. How much money do you have after 2 years?

asked Apr 6, 2020 215k views

3 votes

You invest $1070 in an account with a 4.8% interest rate, compounded continuously. How

much money do you have after 2 years?

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6 votes

Answer:

$1121.36

Explanation:

4.8% of 1070 is 51.36. you add these two together for your final sum.

Yildiz answered Apr 11, 2020

4.6k points

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