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3. If $3,000 is deposited in a savings account paying 4.8% a year compounded continuously, how much will you have in the account in 7 years?

3. If $3,000 is deposited in a savings account paying 4.8% a year compounded continuously, how much will you have in the account in 7 years?
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3. If $3,000 is deposited in a savings account paying 4.8% a year compounded continuously, how much

will you have in the account in 7 years?

asked
User Lee Penkman
by
8.4k points

1 Answer

3 votes
the amount in the savings account after 7 years will be $4,197.47.
answered
User Prashant G Patil
by
8.5k points
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