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$5200 is deposited into an account that earns 9% compounded continuously. How much money will there be in the account after 5 years? Round to the nearest cent
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$5200 is deposited into an account that earns 9% compounded continuously. How much money will there be in the account after 5 years? Round to the nearest cent

User Themartinmcfly
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1 Answer

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5200 * 1.09 = 5668
5668 * 1.09 = 6178.12
6178.12 * 1.09 = 6734.15
6734.15 * 1.09 = 7340.22
7340.22 * 1.09 = 8000.84

8000.84 will be the amount in 5 years
User TomatoMato
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