Question

Connor invested $59,000 in an account paying an interest rate of 2.6%

compounded continuously. Assuming no deposits or withdrawals are
made, how much money, to the nearest cent, would be in the account after
10 years?

Answer 1

$76,518.88

Explanation:

continuous interest

pe^(rt)

we have

59000e^(.026*10)

76518.88