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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asked Feb 19, 2022 81.8k views

2 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

Mathematics
high-school

Uno asked

by Uno

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2 Answers

5 votes

Answer:

$11,000

Explanation:

Mwarning answered Feb 19, 2022

by Mwarning

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2 votes

the answer would be $11,000

Myles Best answered Feb 25, 2022

by Myles Best

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