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You deposit $2500 in an account that pays 3% annual interest compounded continuously. What is the balance in your account after 4 years?
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27 votes
You deposit $2500 in an account that pays 3% annual interest compounded continuously. What is the balance in your account after 4 years?

User Tkhm
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2 Answers

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14 votes
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User Sschober
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23 votes
23 votes

Answer:

A≈$2819

Explanation:

In this case P=$2500, r=3%, t=4

You deposit $2500 in an account that pays 3% annual interest compounded continuously-example-1
User IBPX
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