SOLUTION: if i put 1500 dollars in a savings account that has 10% interest .and left it there for 40 yrs , how much would i have at the end of the 40yrs

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Question 604712: if i put 1500 dollars in a savings account that has 10% interest .and left it there for 40 yrs , how much would i have at the end of the 40yrs
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
if i put 1500 dollars in a savings account that has 10% interest .and left it there for 40 yrs , how much would i have at the end of the 40yrs
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If it's compounded annually, it's
1500*1.1^40
=~ $67888.88
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If it's compounded continously, it's
1500*e^(0.1*40)
=~ $81897.23