Register
If you invest $50,000 at 10% interest compounded continuously, what is the average amount in your account over one year? (Round your answer to the nearest cent.)
226k views
4 votes
If you invest $50,000 at 10% interest compounded continuously, what is the average amount in your account over one year? (Round your answer to the nearest cent.)

User BobbyA
by
8.1k points

1 Answer

2 votes
50,000*10/100 then you will get an answer

User Benni
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!