A community for students. Sign up today!
Here's the question you clicked on:
← 55 members online
 0 viewing
 2 years ago
If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.
 2 years ago
If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.

This Question is Closed

InsanityxP
 2 years ago
Best ResponseYou've already chosen the best response.01500 x.04 = 60 60 x 5= 300 Annual Interest= 300

alexwee123
 2 years ago
Best ResponseYou've already chosen the best response.0dw:1338928964162:dw is the compounded continuously formula where P is the principal amount r=rate and t=time

alexwee123
 2 years ago
Best ResponseYou've already chosen the best response.0so... dw:1338929022971:dw
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.