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14 December, 06:44

You invest 2600 account that pays interest rate of 8.25 percent compounded continuously what is the balance of your account after 5 years round inch to nearest hundreth

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  1. 14 December, 06:57
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    The formula for that is A (t) = Pe^rt. You are looking at values of A (t) = 2600*e^ (.0825) (5). You must be doing natural logs! Simplifying gives you A (t) = 2600 (1.510589) which is 3927.53
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