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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?
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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?

User Fliskov
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2 Answers

5 votes
19 * 7 = 133 * 8,000 = $1,064,000
User Servn
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3 votes
0.19 * 7 = 1.33 * 8,00 = 10,640
User Rixo
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