Show your work.

determine the amount of money you would have if you invested $15,000 dollars for 11 years at 3% annual interest compounded continuously.

The amount of money you have is $ 20864.521

Given that you invested $15,000 dollars for 11 years at 3% annual interest compounded continuously.

To find: total amount of money

The compound interest formula for compounded continously is given as:

Where "p" is the principal

"r" is the rate of interest

"t" is the number of years

Here in this problem, p = 15000

t = 11 years

Substituting the values in formula we get,

Thus the amount of money you have is $ 20864.521