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kaylyannsclov6
kaylyannsclov6 kaylyannsclov6
  • 26-08-2016
  • Biology
Answered

If the Laffite family deposits $8500 in a savings account at 6.75% interest, compounded continuously, solve for the amount of money there will be in their account after 25 years.

Verified Answer :

Anonymous Anonymous
  • 29-08-2016

The answer to your question is:
\(8500* e^{0.675*25}\)

I hope that this is the answer that you were looking for and it has helped you.

Answer Link
edwardsryan419 edwardsryan419
  • 03-12-2018

8500(e^.0675x25)=

$45,950.57

Answer Link

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