zanescott49 zanescott49

29-01-2022
Mathematics

contestada

Find the amount of money accumulated after investing a principle P for years t at interest rate r, compounded continuously. P = $3,200 r = 8% t = 4

Respuesta :

IZZY172412 IZZY172412

29-01-2022

Answer:

The accumulated amount would be $4,353.56

Step-by-step explanation:

r= 0.08

A= 3, 200(1+0.08)^4

= 3,200(1.08)^4

= $4,353.56

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