If you invest $2500 in an account paying 15.5% compounded continuously, how much money will be in the account at the end of three years?

Dinah asked Nov 28, 2023

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Dinah asked Nov 28, 2023

by Dinah

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22 votes

we can use the formula

Where C is the total capital, c the initial capital, t the interest rate and n the years

we just replace

$C=3851.99\approx3852$

at the end of 3 years will be $3852

Invisbo answered Dec 4, 2023

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