SOLUTION: An investment of $20000 receives interest of 10.5 percent per year compounded continuously.what is the compound amount S if the investment is for a period of 25 years?How much Inte

Question 608968: An investment of $20000 receives interest of 10.5 percent per year compounded continuously.what is the compound amount S if the investment is for a period of 25 years?How much Interest will be earned during this period?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi

 $20000 receives interest of 10.5 percent per year compounded continuously.

  S =  = 276,091.48

$276,091.48 -$20,000 = $256.091.48 in Interest earned. 

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