T tara2772 New member Dec 8, 2009 #1 Suppose you deposited $5000 in a savings account with an annual rate of interest of 3% compounded continuously. How much money will be in the account in 10 years?
Suppose you deposited $5000 in a savings account with an annual rate of interest of 3% compounded continuously. How much money will be in the account in 10 years?
F Faz New member Dec 8, 2009 #2 Cmon, this is easy....just use the formula 5000e^(0.03 X 10) = 6749.29
