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Calculate the amount of money you will have in the bank after 5 years if you deposit 25.000 into a savings account that pays 3.0% interest com pounded continuously​
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Calculate the amount of money you will have in the bank after 5 years if you deposit 25.000 into a savings account that pays 3.0% interest com pounded continuously​

User Rudy Jessop
by
7.9k points

1 Answer

4 votes

Answer:

29045.86.

Explanation:

Total = 25000e^(5*0.03) = 29045.86

User Emil Badh
by
8.4k points
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