SOLUTION: Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compounded continuously?

Question 1195279: Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compounded continuously?

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compounded continuously?
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= 8000*e^(0.19*7)
=~ $30248.35

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