If you deposit $10,000 in an account earning interest at an 8% annual rate compounded continuously, how much money is in the account after five years?

A ≅ 14918.3 $

Explanation:

Given that;

Total deposit (i.e our Principal given is) = $10,000

Annual Rate Compounded Continuously = 8%

Time = 5 years

Because the account is compounded continuously; we go by the formula;

A =

A =

A = 14918.24698

A ≅ 14918.3 $

∴ The amount of money that is present in the account after five years = 14918.3 $

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