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Ms. Gonzales is investing $17000 at an annual interest rate of 6%
compounded continuously. How much money will be in the account after
16 years? Round your answer to the nearest hundredth (two decimal
places).

Respuesta :

S1NGH

Answer:

$30444.41

Step-by-step explanation:

→ Work out compound interest

(100 + 6) ÷ 100 = 1.06

→ Multiply the amount by the money

17000 × 1.06

→ Find how many years it is for

17000 × 1.06¹⁰ = 30444.41

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