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

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5 votes

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

Servn answered Aug 17, 2018

by Servn

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3 votes

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

Rixo answered Aug 21, 2018

by Rixo

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