miapeto04 miapeto04

12-05-2021
Mathematics

contestada

Hugo opened a savings account and deposited $800 as principal. The
account earns 4% interest, compounded continuously. What is the
balance after 5 years?

Respuesta :

frogroaster frogroaster

14-05-2021

Answer:

$973.32

Step-by-step explanation:

(800)(1+.04)^5=973.32232192 rounded to the nearest penny =973.32

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