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You invest 2600 account that pays interest rate of 8.25 percent compounded continuously what is the balance of your account after 5 years round inch to nearest hundreth

You invest 2600 account that pays interest rate of 8.25 percent compounded continuously what is the balance of your account after 5 years round inch to nearest hundreth
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You invest 2600 account that pays interest rate of 8.25 percent compounded continuously what is the balance of your account after 5 years round inch to nearest hundreth

User Kenna
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The formula for that is A(t)=Pe^rt. You are looking at values of A(t)=2600*e^(.0825)(5). You must be doing natural logs! Simplifying gives you A(t)=2600(1.510589) which is 3927.53
User Zacharytamas
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