Register

Andrew invested $3,100 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dolla…

Andrew invested $3,100 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dolla…
asked 233k views
2 votes
Andrew invested $3,100 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 16 years?.

asked
User Chopikadze
by
7.7k points

1 Answer

5 votes

Answer: 4,322.883

Explanation:

Assuming that the interest rate is per year:

4,322.883

answered
User Ross Dargan
by
8.2k points
← Prev Question Next Question →

No related questions found

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 can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!