Which expression represents the following description? An investment of $10,000 compounded continuously at an annual interest rate of 5%. The investment is kept in the account for 20 years. (Round answer to the nearest hundredth).

$10,500.20

$20,000.00

$25,204.74

$27,182.82

Question

Coby Gibbs

Mathematics

26 May, 22:19

Which expression represents the following description? An investment of $10,000 compounded continuously at an annual interest rate of 5%. The investment is kept in the account for 20 years. (Round answer to the nearest hundredth).

$10,500.20

$20,000.00

$25,204.74

$27,182.82

+3

Answers (1)

Know the Answer?

Misael Short · Answer 1

The answer is D!

Step-by-step explanation:

using the continuously compounded interest formula A=Pe^rt, I found that 10000*2.718282^ (1) = 27,182.82 $ in 20 yrs

Which expression represents the following description? An investment of $10,000 compounded continuously at an annual interest rate of 5%. The investment is kept in the account for 20 years. (Round answer to the nearest hundredth).$10,500.20$20,000.00$25,204.74$27,182.82

Which expression represents the following description? An investment of $10,000 compounded continuously at an annual interest rate of 5%. The investment is kept in the account for 20 years. (Round answer to the nearest hundredth).

$10,500.20

$20,000.00

$25,204.74

$27,182.82