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You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.

You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.
asked 18.0k views
3 votes
You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.

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User Blogofsongs
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7.5k points

1 Answer

4 votes
You will have 6,381.396 over 5 years
answered
User Paxmees
by
8.1k points
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