contestada

in 2011, you invested 5000 in an account at 4.5% interest compound continuously . predict how much money you will have in 2020 !

Respuesta :

birungjoel

Answer:

Interest = Principal x rate x time

Principal = 5000     rate = 4.5%                      t= 10 years

Amount =P(1 + r/n)nt

Amount = 5000(1 +.045/10)10

          A = 5000( 1 + .0045) 10

          A = 5000( 1.0045) 10    

Total Amount money in 2020 = Php. 50,225

Otras preguntas