Register

If $1,000 is invested at 5% interest, compounded continuously, for five years, what is the ending balance?

If $1,000 is invested at 5% interest, compounded continuously, for five years, what is the ending balance?
asked 65.8k views
0 votes
If $1,000 is invested at 5% interest, compounded continuously, for five years, what is the ending balance?

asked
User Rattle
by
8.2k points

1 Answer

2 votes

Answer:

1284.03

Explanation:

answered
User Abdullah Rasheed
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!