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If $100,000 is invested at 7.5% interest, compound continuously, how much will be in the account at the end of 20 years?

User Chvck
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Answer:

Explanation:

= Pe^(rt)where:

A = the amount of money at the end of the investment

P = the principal amount (initial investment)

e = the mathematical constant (approximately equal to 2.71828)

r = the annual interest rate (as a decimal)

t = the time period (in years)Using this formula, we can find the amount of money at the end of 20 years:A = 100000 * e^(0.075*20)

A ≈ $449,838.54Therefore, the amount of money in the account at the end of 20 years will be approximately $449,838.54.

User Youssef Boudaya
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