rubendeanda02p1y63u rubendeanda02p1y63u
  • 02-09-2019
  • Mathematics
contestada

If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

Respuesta :

magicalduck23 magicalduck23
  • 02-09-2019

Answer:

If you know 6% of 1000 is 60 so each year 60 will add so 60x5 is 300 so you will earn 300 in 5 years.

Step-by-step explanation:

Answer Link

Otras preguntas

Who is the best known Christian humanist, and what did he believe
How did sulks help turn the Roman republic into the Roman Empire?
The football team lost 15 yards per play for 3 plays. What is the total yardage the team lost?
Which of the following is an example of improved functioning as related to the benefits of muscular strength and endurance training
From $42 to $72 what is the percent increase
27 over 75 as a decimal in the thousandths place
The equation y=31314*1.06^x estimates the population of a town x years after the years 1995. what is the estimated population of the town in the year 2000 A) 33
what year was jim carrey born ?
What role did the cities of Mogadishu and Mombasa play in the economic life of East Africa?
How do u write fifty four tenths in decimal form?