laylay2909 laylay2909

14-01-2021
Mathematics

contestada

Find the balance in an account at the end of 8 years if $6000 is invested at an interest rate of 4.2% that is compounded continuously.
a. $8396.03
b. $ 8338.60
c. $8262.77
d. $6257.37

Respuesta :

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14-01-2021

Answer:

$8016.00

Step-by-step explanation:

I = 6000 × 0.042 × 8 = 2016

I = $ 2,016.00

$2,016.00 + $6,000.00 = 8,016.00

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