asked 219k views
4 votes
If the Laffite family deposits $8500 in a savings account at 6.75% interest, compounded continuously, solve for the amount of money there will be in their account after 25 years.

2 Answers

6 votes

8500(e^.0675x25)=

$45,950.57

answered
User Petermeissner
by
8.2k points
3 votes
The answer to your question is:

8500* e^(0.675*25)

I hope that this is the answer that you were looking for and it has helped you.
answered
User Kiranramchandran
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories