Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. Using the formula A(t) =P*e^rt , how much will you have in the account after 4 years

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 11, 2019 190k views

3 votes

Suppose you invest $1600 at an annual interest rate of 4.6% compounded continuously. Using the formula A(t) =P*e^rt , how much will you have in the account after 4 years

Mathematics
college

Mohamed Samsudeen asked

by Mohamed Samsudeen

5.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

1 vote

Just fill in the given data and evaluate the expression:

A = $1600*e^(0.046*4) = $1923.23 (rounded up to the nearest cent)

Arthur Chaparyan answered Apr 18, 2019

by Arthur Chaparyan

6.2k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions