Solution

You deposit 2000 in an account earning 6% interest compounded continuously. How much will you have in the account in 10 years?

Solution

Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:

Popular Examples

If you borrow 1500 for 5 years at an annual interest rate of 5% , what is the total amount of money you will pay back?If 300 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 15 yearsThe sum of 5 consecutive integers is 120:What is the third number in this sequence?Alexa opened a savings account and deposited 800.00. The account earns 5% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike?if man deposits 6000 in a bank account which pays 5 percent in a year. find the value of his deposit after 4 years