Ask Question
28 December, 20:30

If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

+3
Answers (1)
  1. 28 December, 23:29
    0
    If you know 6% of 1000 is 60 so each year 60 will add so 60x5 is 300 so you will earn 300 in 5 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five years? ...” in 📘 Mathematics 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