if 3000$ is invested at a rate of 12% compounded continuously, find the balance in the account after 5 years. Use the formula A=Pe^rt

asked Jun 24, 2022 86.2k views

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4 votes

Answer:

$5466.36

Explanation:

This question is pretty cut and dry

just plug in the numbers

$3000e^(5*.12)\\3000e^(.6)\\5466.356401\\5466.36$

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