If you were to place $2,500 in a savings account that pays 3% interest compounded continuously, how much money will you have after 5 years? Assume you make no other deposits or withdrawals.
A. $2,904.59
B. $2,898.19
C. $431,078.73
D. $2,515.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If you were to place $2,500 in a savings account that pays 3% interest compounded continuously, how much money will you have after 5 years? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The reciprocal of my number is one fewer than the sum of the reciprocals of the two largest single digit prime numbers. What is my number?
Answers (1)
You eat 3/10 of a pack of hot dogs. Your friend eats 1/5 of the pack of hot dogs. What fraction of the pack of hot dogs do you and your friend eat? Write your answer as a fraction in simplest form
Answers (1)
Oil flows back and forth between a small and large tank. When oil is moving into the large tank, the flow rate is positive. When oil is moving into the small tank, the flow rate is negative. The large tank begins with 600 gallons of oil.
Answers (1)
Xavier Martinez took out a $5,000 loan at 7.5% interest for reconstructing his patio. His monthly payment on the 12-month loan was $437.26. After 6 payments, the balance was $2,556.03. He paid off the loan with the next payment.
Answers (1)
What is 10 x as much as 0.21
Answers (1)
New Questions in Mathematics
Jerry drew an obtuse angle. Which could be the measure of his angle?
Answers (1)
A library charges a late return fee of 3.50 plus $0.15 per day that a book is returned late write a equation to find the total late fee f for any numbers of days late d
Answers (1)
What is the product of 45.67 x 32.58?
Answers (2)
If you apply the changes below to the linear parent function f (x) = x what is the equation of the new function vertically compress by 1/4 over the y-axis
Answers (1)
A science class measured the mass of a balloon to be 4 grams. After the balloon was inflated the mass was 8 grams. What was the mass of the air inside the inflated balloon?
Answers (2)