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Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the end of 5 years If the Interest is compounded continuously? $5200 $11.127.70 $800 $11,000

Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the end of 5 years If the Interest is compounded continuously? $5200 $11.127.70 $800 $11,000
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2 votes
Nancy borrows $5000 at a rate of 16% interest per year. What is the amount due at the end of 5 years If the Interest is

compounded continuously?
$5200
$11.127.70
$800
$11,000

asked
User Uno
by
8.5k points

2 Answers

5 votes

Answer:

$11,000

Explanation:

answered
User Mwarning
by
8.7k points
2 votes
the answer would be $11,000
answered
User Myles Best
by
8.6k points
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