SOLUTION: what is the interest earned on $15,000 for four years at an interest rate of 3.5% compounded continuously?

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Question 1027726: what is the interest earned on $15,000 for four years at an interest rate of 3.5% compounded continuously?
Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
A+=+15000e%5E%280.035%2A4%29+=+15000e%5E0.14+=+17254.11, the future value of the principal $15,000.
==> Interest is $17,254.11 - $15,000 = $2,254.11.