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12) Abhasra invests $5,323 in a savings account with a fixed annual interest rate of 9% compounded continuously. What will the account balance be after 5 years?

12) Abhasra invests $5,323 in a savings account with a fixed annual interest rate of 9% compounded continuously. What will the account balance be after 5 years?
asked 45.1k views
2 votes
12) Abhasra invests $5,323 in a savings

account with a fixed annual interest rate of
9% compounded continuously. What will
the account balance be after 5 years?

asked
User Perrin
by
8.1k points

1 Answer

4 votes

Answer:

$7,7748.35

Explanation:

$5,323$7748.35 + $2,395.35(INTEREST)

answered
User Dongx
by
7.1k points
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