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HELP!!! Jay borrows $8,000 at a rate of 1.9% interest per year. What is the amount due at the end of 6 years if the interest is compounded continuously? I'm confused.

HELP!!! Jay borrows $8,000 at a rate of 1.9% interest per year. What is the amount due at the end of 6 years if the interest is compounded continuously? I'm confused.
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HELP!!!

Jay borrows $8,000 at a rate of 1.9% interest per year. What is the amount due at the end of 6 years if the interest is compounded continuously?
I'm confused.

asked
User Kean Amaral
by
8.2k points

1 Answer

10 votes

$8,966.02 is your answer

answered
User Aymendps
by
8.5k points
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