viper94 viper94

30-05-2020
Mathematics

contestada

You invested $4,200 into an account that pays an interest rate of 3.5% compounded continuously. What is the balance of your account in 5 years? Use formula
A=P e^rt

Respuesta :

nanaekuaankoma nanaekuaankoma

03-06-2020

Answer:

$5,003.23

Step-by-step explanation:

A = P x e^rt

= 4,200 x (e^0.035 x 5 )

= $5,003.23

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