isela102
contestada

You invest $3900 in an account that pays an interest rate of 8.25% compuonded continuously. Calculate the balance of your account after 17 years.

Respuesta :

[tex]\bf \qquad \textit{Continuously Compounding Interest Earned}\\\\ A = Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$3900\\ r=rate\to 8.25\%\to \frac{8.25}{100}\to &0.0825\\ t=years\to &17 \end{cases} \\\\\\ A=3900e^{0.0825\cdot 17}[/tex]

Otras preguntas