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You deposit $1575 in a bank account that earns 3.75% interest per year for 5 years. How much will the balance be if it's compounded continuously?
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You deposit $1575 in a bank account that earns 3.75% interest per year for 5 years. How much will the balance be if it's compounded continuously?
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Sep 18, 2023
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You deposit $1575 in a bank account that earns 3.75% interest per year for 5 years. How much will the balance be if it's compounded continuously?
Mathematics
high-school
Prajna Hegde
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the answer is $1899.81
Mishal Awan
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Sep 22, 2023
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Mishal Awan
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