Question

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.

Answer 1

$2,100.00

Explanation:

Answer 2

600 dollars a year

Explanation:

I=prt is the formula for simple interest.

2000×0.05×6 = 600