12-02-2017
Mathematics

contestada

Emma receives $7750 and invests it in an account that earns 4% interest copounded continuously, What is the total amount of her investment after 5 years?

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Venomblast Venomblast

12-02-2017

so your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.

recall the formula for a compounded continously is
P×e^(r×t)

the answer is 7750×e^(.04×5)

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