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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asked Dec 1, 2023 134k views

24 votes

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.

Mathematics
high-school

Kean Amaral asked

by Kean Amaral

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1 Answer

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$8,966.02 is your answer

Aymendps answered Dec 8, 2023

by Aymendps

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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? $8,965.21 $10,027.21 $8,966.02 $25,014.15 Pleeeease show

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