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You invest $2000 in a bank account that has 5% annual interest rate, compound ed continously. how much will you have in 5 years?

You invest $2000 in a bank account that has 5% annual interest rate, compound ed continously. how much will you have in 5 years?
asked 199k views
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You invest $2000 in a bank account that has 5% annual interest rate, compound ed continously. how much will you have in 5 years?

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User K P
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1 Answer

7 votes
total = $2000(1.05)^5
money = $2552.56
answered
User Puudeli
by
8.0k points
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