mormyers3 mormyers3

31-03-2020
Mathematics

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Find the final amount for a $1000 investment at 6% interest compounded continuously for 20 years

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fayemioluwatomisin fayemioluwatomisin

31-03-2020

Answer:$3207

Step-by-step explanation

A=p(1+r/100)^n

A=1000×(1+6/100)^20

A=1000×(1.06)^20

A=1000×3.207

A=$3207

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