Post a New Question

Algebra

posted by on .

suppose you invest $1100 at an annual interest rate of 4.3% compounded continuously. How much will you have in the account after 15 years?

  • Algebra - ,

    balance = investment * e^rt

    = 1100 e^(.043 * 15)

    = 1100 * 1.9059

    = $ 2096.59

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question