14 Mr Banks deposited 5000 into an account that earns 3 5

Last updated: 5/12/2023

14 Mr Banks deposited 5000 into an account that earns 3 5 interest compounded annually and he will let it accrue money for 7 years About how much more money would he get if he deposited the same sum of money in an account that compounds interest continuously Compound Interest Formula T A P 1 nt 72 Continuous Compound Formula A Pert A It would be the same amount B 25 12 29 23