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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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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?

User Libregeek
by
7.6k points

1 Answer

4 votes
10 years: $1250
20 years: $1500
User PamanBeruang
by
6.7k points
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