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Andy invested $6800 in an account with continuously compounded interest at a rate of 4.2%. After 4 years, how much money is in the account?

Andy invested $6800 in an account with continuously compounded interest at a rate of 4.2%. After 4 years, how much money is in the account?
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23 votes
Andy invested $6800 in an account with continuously compounded interest at a rate of 4.2%. After 4 years, how much money is in the account?

User Frant
by
8.3k points

2 Answers

7 votes
6800 * .042 = 285.6
285.6 * 4 = 1142.4
6800 + 1142.4 = 7942.4

$7942.40

hope this helps!
User Jason Snell
by
8.9k points
2 votes

Answer: 8044

Explanation:

User Peter Cerba
by
7.3k points
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