nate069992 nate069992

Today at 1:35 AM
Mathematics

Answered

Suppose that $7,000 is invested at an interest rate of 6%, compounded continuously. Find the amount in the account after five years if no withdrawals are made

Answer :

racheldale07 racheldale07

Today at 1:40 AM

Answer:

9100

Step-by-step explanation:

I=Prt

I=7,000(.06)5

I=420(5)

I=2,100

2,100+7,000=9,100

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anthonylemus908 anthonylemus908

Today at 1:40 AM

9100 is the answer to this problem

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