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If the Ramirez family deposits $5000 in a savings account at 7.5% interest compounded continuously, how much will be in the account after 15 years?

If the Ramirez family deposits $5000 in a savings account at 7.5% interest compounded continuously, how much will be in the account after 15 years?
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1 vote
If the Ramirez family deposits $5000 in a savings account at 7.5% interest compounded continuously, how much will be in the account after 15 years?

asked
User Ileane
by
8.7k points

1 Answer

3 votes

Answer:

The amount is $14794.39 and the interest is $9794.39

Explanation:

answered
User Kris Stern
by
7.7k points
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