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

asked Sep 1, 2023 199k views

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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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3 votes

Answer:

$312.24

Explanation:

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

Mottor answered Sep 7, 2023

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