valeriarocha valeriarocha

02-06-2020
Mathematics

contestada

Situation:
You invest $3,700 in an account that pays an interest rate of 8.25%, compounded continuously.

Calculate the balance of your account after 19
years. Round your answer to the nearest
hundredth.

Enter the correct answer.

Respuesta :

nanaekuaankoma nanaekuaankoma

03-06-2020

Answer:

$17,740.19

Step-by-step explanation:

A = P x e^rt

= 3,700 x e^(0.0825 x 19)

= $17,740.19

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