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suppose you invest $700 in a savings account that pays 4.2% annual interest compounded continuously. how much money will be in the account after 5 years?
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suppose you invest $700 in a savings account that pays 4.2% annual interest compounded continuously. how much money will be in the account after 5 years?

User Gappa
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1 Answer

0 votes

Answer:

847

Explanation:

700 ÷100 = 7

7× 4.2 = 29.4

29.4×5 =147

500+147

User Bharat Parmar
by
7.7k points
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