Register

Continuous compound interest problem Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.

Continuous compound interest problem Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.
asked 155k views
0 votes
Continuous compound interest problem

Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.

asked
User Divix
by
8.1k points

2 Answers

2 votes

Answer:

2290

Explanation:

answered
User Jaredwilli
by
7.6k points
3 votes
1100e^0.04*6= 1398.37 dollars
answered
User Eithan Pitt
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!