Neda made a one-time deposit of $49,000.00 into a savings account that pays 2% annual interest compounded continuously. How much will the account be worth 5 years from when Neda made the deposit? Use the equation A = Pert to answer the question. Assume no additional deposits or withdrawals have occurred. Also assume the interest rate does not change while the account is open. Round your answer to the nearest cent. 69
Neda made a one-time deposit of $49,000.00 into a savings account that pays 2% annual interest compounded continuously. How much will the account be worth 5 years from when Neda made the deposit? Use the equation A = Pert to answer the question. Assume no additional deposits or withdrawals have occurred. Also assume the interest rate does not change while the account is open. Round your answer to the nearest cent. 69
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
Related questions
Question
![Neda made a one-time deposit of $49,000.00 into a savings account that pays 2%
annual interest compounded continuously. How much will the account be worth 5
years from when Neda made the deposit?
Use the equation A = Pert to answer the question. Assume no additional deposits or
withdrawals have occurred. Also assume the interest rate does not change while the
account is open. Round your answer to the nearest cent.
€](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10f2847c-3ac9-4911-8428-74183683780c%2Fc014e206-9aad-4a73-aece-4584fbe0f36d%2Fwsq7ztp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Neda made a one-time deposit of $49,000.00 into a savings account that pays 2%
annual interest compounded continuously. How much will the account be worth 5
years from when Neda made the deposit?
Use the equation A = Pert to answer the question. Assume no additional deposits or
withdrawals have occurred. Also assume the interest rate does not change while the
account is open. Round your answer to the nearest cent.
€
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