SOLUTION: If Hannah places $ 3500 into an account earning 7.75% interest compounded continuously, how much will she have after 10 years? Final amount =

Algebra.Com
Question 1198907: If Hannah places $ 3500 into an account earning 7.75% interest compounded continuously, how much will she have after 10 years?
Final amount =

Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
.

     =   dollars.


Use your calculator.

To see many other similar  (and different)  solved problems on continuously compounded accounts,  look into the lesson
    - Problems on continuously compound accounts
in this site.

After reading this lesson,  you will tackle such problems on your own without asking for help from outside.



RELATED QUESTIONS

Hannah places $7500 into an account earning 7% interest compounded continuously, how much (answered by htmentor)
If Hannah places $ 7500 into an account earning 7.75% interest compounded continuously,... (answered by lwsshak3)
Hannah places $ 7500 into an account earning 5.75% interest compounded continuously, how... (answered by ikleyn)
Hannah wants to have $5500 to help pay for a new deck in 10 years. If she wants to put... (answered by MathLover1)
Hannah wants to have $ 7500 to help pay for a new deck in 13 years. If she wants to put... (answered by greenestamps)
You Deposit $6000 in an account earning 7% interest compounded continuously. How much... (answered by ikleyn)
You deposit $6000 in an account earning 7% Interest compounded continuously. How much... (answered by ikleyn)
Gina puts $6500 into an account earning 7.75% interest compounded continuously. How long... (answered by htmentor)
Suppose you deposit $615 in an account earning 4.2% interest, compounded continuously.... (answered by Alan3354)