Register
if you put $2,000 in a savings account that pays 6% intrest compound continuously, how much money will you have in your account in 4 years? assume you make no additional deposit or withdrawals.
61.5k views
1 vote
if you put $2,000 in a savings account that pays 6% intrest compound continuously, how much money will you have in your account in 4 years? assume you make no additional deposit or withdrawals.

User Beyersdorfinger
by
7.9k points

1 Answer

3 votes
Amount of money after 4 years = 2000(1+ 6/100)^4= $2524.95
User NaughtySquid
by
8.5k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!