You invest $2000 in a bank account that has 5% annual interest rate, compound ed continously. how much will you have in 5 years?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Nov 3, 2017 199k views

2 votes

You invest $2000 in a bank account that has 5% annual interest rate, compound ed continously. how much will you have in 5 years?

Mathematics
high-school

K P asked

by K P

7.7k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

7 votes

total = $2000(1.05)^5
money = $2552.56

Puudeli answered Nov 7, 2017

by Puudeli

8.0k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked Dec 25, 2021 216k views

You invest $2000 in a bank account that has 4%annual interest rate, compound ed continously. how much will you have in 7 years?

Eldy asked Dec 25, 2021

by Eldy

8.6k points

Mathematics
middle-school

1 answer

3 votes

216k views

asked Jan 9, 2018 206k views

Invest 2,000 for 20 months 3% interest compounded continously

JiashenC asked Jan 9, 2018

by JiashenC

8.4k points

Mathematics
high-school

1 answer

1 vote

206k views

asked May 17, 2019 1.6k views

1. Christopher wants to invest $6200 in a retirement fund that guarantees a return of 9% annually using continously compounded intrest. How much will he have after 20 years? a) $6002.82 b) $25164.10 c)

Ajeet Shah asked May 17, 2019

by Ajeet Shah

8.0k points

Mathematics
high-school

1 answer

0 votes

1.6k views

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

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions