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HELP!!! Jay borrows $8,000 at a rate of 1.9% interest per year. What is the amount due at the end of 6 years if the interest is compounded continuously? I'm confused.
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HELP!!!

Jay borrows $8,000 at a rate of 1.9% interest per year. What is the amount due at the end of 6 years if the interest is compounded continuously?
I'm confused.

User Kean Amaral
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6.9k points

1 Answer

10 votes

$8,966.02 is your answer

User Aymendps
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