Answered

Susan placed

$

9

,

900

in a savings account that compounds interest continuously at a rate of

1.9

%.



How much will she have in the account after

6

years?

Round your answer to the nearest dollar.

Do NOT round until you have calculated the final answer.

Verified Answer :

9900 x 1.019^6 should give you the answer your looking for,

This is because a compound interest of 1.9 percent would mean that every year that amount would gain that money would gain that interest, however after the first year the money would change to a different amount, compound interest makes it so that the new amount would be the amount adding up by 1.9%

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