Answered

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Lisa’s grandmother left her a $100,000 inheritance. She wants to invest the money in an account paying 7.2% interest compounded continuously. How much money will be in the account after 30 years?

Sagot :

the earning of the compound interest can be calculate with this formula:

[tex]A=P(1+i)^t[/tex]

and we can replace, P for the principle, i for the interest and t with the time so:

[tex]\begin{gathered} A=100000(1+0.072)^{30} \\ A=805088.34 \end{gathered}[/tex]

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