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Jesus deposited $2000 into a new savings account that paid interest at an annual rate of 3% compounded continuously. If there were no other transactions, approximately how much money was in Jesus' account
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Jul 1, 2021
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Jesus deposited $2000 into a new savings account that paid interest at an annual rate of 3% compounded continuously. If there were no other transactions, approximately how much money was in Jesus' account 6 years after he made the deposit?
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Dorr
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answer: $2394.43
explanation: use equation A=Pe^rt. A=2000e^(0.03x6). A=2394.43
Alba
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Jul 7, 2021
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