If you invested $1,000 in an account paying an annual percentage rate of 2.5%, compounded continuously, how much would you have in you account at the end of 10 years and 20 years?

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asked Nov 15, 2022 140k views

21 votes

If you invested $1,000 in an account

paying an annual percentage rate of
2.5%, compounded continuously, how
much would you have in you account
at the end of 10 years and 20 years?

Mathematics
high-school

Libregeek asked

by Libregeek

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1 Answer

4 votes

10 years: $1250
20 years: $1500

PamanBeruang answered Nov 20, 2022

by PamanBeruang

2.8k points

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