Question

Jorge’s mom invested $8,000 dollars into a savings account for him to use to start a business once he graduated from college. If the account accrues interest continuously at a rate of 3.75%, how much money will be in the account in 30 years?

Answer 1

9,000

Explanation:

8,000/100=80

80x3.75=300

300x30=9,000

30 being the amount of years