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If the Laffite family deposits $8500 in a savings account at 6.75% interest, compounded continuously, solve for the amount of money there will be in their account after 25 years…

If the Laffite family deposits $8500 in a savings account at 6.75% interest, compounded continuously, solve for the amount of money there will be in their account after 25 years…
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If the Laffite family deposits $8500 in a savings account at 6.75% interest, compounded continuously, solve for the amount of money there will be in their account after 25 years.

User Amir Karimi
by
8.2k points

2 Answers

6 votes

8500(e^.0675x25)=

$45,950.57

User Petermeissner
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8.2k points
3 votes
The answer to your question is:

8500* e^(0.675*25)

I hope that this is the answer that you were looking for and it has helped you.
User Kiranramchandran
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7.9k points
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