yafreizi yafreizi

01-06-2021
Mathematics

contestada

How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

Respuesta :

cadencem20 cadencem20

01-06-2021

Answer:

The total compound interest is $502.74 i think

Step-by-step explanation:

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halimanadama864 halimanadama864

01-06-2021

24/5

[tex] \frac{24 \times 5000 }{5 \times100 } = \frac{240 \times 5000}{100} = 240 \times 50 = 12000 =12000 + 240 = 12240 [/tex]

Answer Link

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