A quantity with an initial value of 2300 grows continuously at a rate of 45% per minute. What is the value of the quantity after 0.2 hours, to the nearest hundredth?

198675.29

Step-by-step explanation:

x=p (1+r/n) ^nt

198675.29=2300 (1+.45/1) ^1 (12)

x = the result

p = what you start with

r = the rate %

n = the number of times a min has to past to apply % (in this case only 1 min has to past to add the %

t = how many times

0.2 of an hour = 12 minutes