Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming

Discussion in 'Calculator Requests' started by math_celebrity, May 6, 2020.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 18 years?

    Using our compound interest balance calculator, we get:
    $1,258.37
     
    math_celebrity, May 6, 2020
    #1

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