Wendy

Wendy deposits R6500 into an account, paying 8% annual interest compounded monthly. How much money will be in her account after 84 months of paying 8% annual interest compounded continuously?

Correct answer:

i =  11358.24

Step-by-step explanation:

a=6500 p=8%=1008=252=0.08 m=84  k=1+p/12=1+0.08/12=150151=115011.0067  i=a km=6500 1.006784=11358.24



Did you find an error or inaccuracy? Feel free to write us. Thank you!







Tips for related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: