Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compounded continuously?

asked Aug 17, 2018 48.3k views

3 votes

5.4k points

Please log in or register to add a comment.

5 votes

19 * 7 = 133 * 8,000 = $1,064,000

Servn answered Aug 17, 2018

by Servn

6.5k points

3 votes

0.19 * 7 = 1.33 * 8,00 = 10,640

Rixo answered Aug 21, 2018

by Rixo

5.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers