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Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the of 5 hears if the interest is compunded continuously?

Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the of 5 hears if the interest is compunded continuously?
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Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the of 5 hears if the interest is compunded continuously?

asked
User Joney
by
9.1k points

2 Answers

4 votes

Answer:

D is 11,000

Explanation:

answered
User Jeff Johnston
by
7.6k points
1 vote
the amount due in 5 years is 11,000
answered
User Confetti
by
8.5k points
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