$5200 is deposited into an account that earns 9% compounded continuously. How much money will there be in the account after 5 years? Round to the nearest cent

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asked Jul 8, 2018 225k views

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TomatoMato · Answer 1 · 2018-07-15T10:48:33+0000

5200 * 1.09 = 5668
5668 * 1.09 = 6178.12
6178.12 * 1.09 = 6734.15
6734.15 * 1.09 = 7340.22
7340.22 * 1.09 = 8000.84

8000.84 will be the amount in 5 years

$5200 is deposited into an account that earns 9% compounded continuously. How much money will there be in the account after 5 years? Round to the nearest cent

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