You invest $5000 in an account to save for college. The account pays 5% annually and compounds continuously. What would be the account balance after 4 years.

Question

asked Jan 12, 2023 192k views

1 Answer

Betasux · Answer 1 · 2023-01-18T17:23:43+0000

Answer:

5000 multiplied by 0.05 multiplied by 4

Explanation:

you should get 1000. :D next you add 1000 to the orginal 5000 to get 6000!