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Continuous compound interest problem Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.

Continuous compound interest problem Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.
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Continuous compound interest problem

Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.

User Divix
by
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2 Answers

2 votes

Answer:

2290

Explanation:

User Jaredwilli
by
7.6k points
3 votes
1100e^0.04*6= 1398.37 dollars
User Eithan Pitt
by
8.3k points
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