asked 86.4k views
5 votes
Suppose that $1800 is borrowed for three years at an interest rate of 2% per year, compounded continuously. Find the amount owed, assuming no payments

are made until the end.

1 Answer

5 votes

1908

Explanation:2% of 1800 is 36 36 x 3 is 108 + 1800 =1908

answered
User Kingshuk Deb
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.