If you were to place $2,500 in a savings account that pays 3% interest compounded continuously, how much money will you have after 5 years? Assume you make no other deposits or withdrawals.

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asked Aug 6, 2022 19.9k views

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If you were to place $2,500 in a savings account that pays 3% interest

compounded continuously, how much money will you have after 5 years?
Assume you make no other deposits or withdrawals.

Mathematics
college

Stone asked

by Stone

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3 votes

Answer:

$2904.59

Step by Step Explanation:

JeremyK answered Aug 11, 2022

by JeremyK

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