Question

$200 is deposited into an account that is compounded continuously at a rate

of 8%. How much money will be in the account in 25 years? Round to the
nearest cent.

Answer 1

Answer: A (25) = $1477. 81

Explanation:

A (t) = pe^rt

A (25) = $200 e^. 08 (25)

A (25) = $200 e^2

A (25) = $200 (7.38905609893)

A (25) = $1477. 81

Hope this helps!