IDNLearn.com connects you with experts who provide accurate and reliable answers. Explore thousands of verified answers from experts and find the solutions you need, no matter the topic.


Suppose you invest $1700 at an annual interest rate of 8.8% compounded continuously. How much will you have in the account after 7.5 years?


Sagot :

After 7.5 years, you will have $3,200.12

Answer:

after 7.5 years you will have: 3200.11

The total compound interest is 1,447.56.

Step-by-step explanation:

[tex]\frac{8.8}{100} = 0.088\\1700(1+0.088)^{7.5} = 3200.11\\[/tex]