pburbine8 pburbine8

31-03-2020
Mathematics

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What is the final amount when investing $1400 compounded continuously at 7.5% for 12 years?

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fayemioluwatomisin fayemioluwatomisin

31-03-2020

Answer:$3334.5

Step-by-step explanation:

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

A=1400(1+7.5/100)^12

A=1400(1.075)^12

A=1400×2.381

A=$3334.5

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