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A deposit of $300 is made into an account that earns 2.5% annual interest, compounded continuously. No other deposits or withdrawals are made. To the nearest penny, how much mon…

A deposit of $300 is made into an account that earns 2.5% annual interest, compounded continuously. No other deposits or withdrawals are made. To the nearest penny, how much mon…
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A deposit of $300 is made into an account that earns 2.5% annual interest, compounded continuously. No other deposits or withdrawals are made. To the nearest penny, how much money will be in the account after exactly 20 years?

asked
User Simon Hazelton
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8.0k points

1 Answer

5 votes

Answer:

37%

Explanation:

answered
User Octavian Helm
by
7.9k points
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