thechocolatblanc thechocolatblanc

Today at 2:43 PM
Mathematics

Answered

1)Barbara invests $10000 in a CD that has a 9% annual
interest rate, compounded continuously. How much will
the balance be after 20 years?

Answer :

rya2805 rya2805

Today at 2:48 PM

Answer:

$18,000

Step-by-step explanation:

9% of 10,000 is 900.

900 (annual interest) x 20 (years)= 18,000

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