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?

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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) About Me  (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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Int+=+P%2Ae%5E%28rt%29
= 8000*e^(0.19*7)
=~ $30248.35