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Suppose 24,000 is deposited into an account paying 7.25% interest, which is compounded continuously.How much money will be in the account after ten years if no withdrawals or additional deposits are made?

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解答

Suppose24,000isdepositedintoanaccountpaying7.25%interest,whichiscompoundedcontinuously.Howmuchmoneywillbeintheaccountaftertenyearsifnowithdrawalsoradditionaldepositsaremade?

解答

Amount:49553.55
求解步骤
Translate the problem into an equation:A=24000e0.0725⋅10
24000e0.0725⋅10=49553.54639…
Round to the nearest hundredth:49553.55
Amount:49553.55

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