Ask Question
10 April, 17:49

Mark invests $2,243 in a retirement account with a fixed annual interest rate of 3% compounded continuously. What will the account balance be after 15 years?

+4
Answers (1)
  1. 10 April, 19:45
    0
    You start by multiplying 2,243 times 0.03 (The representation of 3% as a decimal)

    After you get 67.29, you multiply that by 15.

    So the answer is $1009.35 in interest rate in 15 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mark invests $2,243 in a retirement account with a fixed annual interest rate of 3% compounded continuously. What will the account balance ...” in 📘 Geography if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers