If the Ramirez family deposits $5000 in a savings account at 7.5% interest compounded continuously, how much will be in the
account after 15 years?

Answer ≈ $15,401.08

Step-by-step explanation:

Equation =

A is the final amount

P is the principal or the deposited amount ($5000)

R is the interest rate as a decimal (.075)

T is time or 15 years. (On other problems, check to see whether it's months or years.

E is Euler's Number or 2.71828..... it keeps going on forever (irrational number)

A= 15401.08424

step-by-step explanation:

f

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