Saturday
March 25, 2017

Post a New Question

Posted by on .

Suppose you invest $1600 at an annual interest rate of 7.9% compounded continuously. How much will you have in the account after 10 years?
A. $35,254.34
B. $3,525.43
C. $3,435.91
D. $17,315.27

  • Algebra 2 - ,

    B = P*e^(Yr)
    where B is balance, P is principle = 1600; e is the number e; Y is the number of years; and r is the rate 0.079

    Plug these numbers in and solve for the answer.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question