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Charlotte opened a savings account and depostied $300.00. The account earns 2% interest, compounded continuously. What is the balance after 2 years?
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Charlotte opened a savings account and depostied $300.00. The account earns 2%

interest, compounded continuously. What is the balance after 2 years?

User GEOCHET
by
8.2k points

1 Answer

3 votes

Answer:

$312.24

Explanation:


300 {e}^(.02 * 2) = 312.24

User Mottor
by
8.2k points
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