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You have $1200 to deposit into an account that pays 4.5% interest compounded continuously. How much will be in the account after 8 years? Round to the nearest dollar. *
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You have $1200 to deposit into an account that pays 4.5% interest compounded continuously. How

much will be in the account after 8 years? Round to the nearest dollar. *

User Daniel Lerch
by
5.7k points

1 Answer

7 votes

Answer:

The final balance is £1,720.

The total compound interest is £520

you don't even to round it at all

User Jonathan Beerhalter
by
5.5k points
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