SOLUTION: find the balance after 15 years of a $2500 investment earning 5.5% interest compouunded continuously

SOLUTION: find the balance after 15 years of a $2500 investment earning 5.5% interest compouunded continuously

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Question 218360: find the balance after 15 years of a $2500 investment earning 5.5% interest compouunded continuously
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
I=2,500e^rt
I=2,500*2.71828^.055*15
I=2,500*2.71828^.825
I=2,500*2.282
I=$5,704.70 ans.
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