Suppose you invest 1050 at an annual interest rate of 5.5% compounded continuously. how much will you have in the account after 5 years? round the solution to the nearest dollar.

$1372

Step-by-step explanation:

The formula to calculate the compound amount is given by :-

, where P is principal amount, r is rate of interest and t is time.

Given: P = $1050

r=5.5%=0.055

t= 5 years

Now, the compound amount after 5 years will be :_

You will have $1372 in the account after 5 years.

step-by-step explanation:

its 4 because 2 times 2 is 4, if you double the number two you get four