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An initial amount of $2000 is invested in an account at an interest rate of 5% per year, compounded continuously. Find the amount in the account years. Round your answer to the nearest cent.
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An initial amount of $2000 is invested in an account at an interest rate of 5% per year, compounded continuously. Find the amount in the account

years. Round your answer to the nearest cent.

An initial amount of $2000 is invested in an account at an interest rate of 5% per-example-1
User Tanekqua
by
9.0k points

2 Answers

3 votes

Answer:

$2,100.00

Explanation:

User Jigme
by
7.4k points
6 votes

Answer:

600 dollars a year

Explanation:

I=prt is the formula for simple interest.

2000×0.05×6 = 600

User Torben Pi Jensen
by
8.6k points
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