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Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the end of 5 years If the Interest is compounded continuously? $5200 $11.127.70 $800 $11,000
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5 votes
5 votes
Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the end of 5 years If the Interest is

compounded continuously?
$5200
$11.127.70
$800
$11,000

User Igor Bidiniuc
by
2.8k points

2 Answers

28 votes
28 votes

Answer:

$11,000

Explanation:

User Abanoub
by
3.1k points
27 votes
27 votes
the answer would be $11,000
User Fuggly
by
3.2k points
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