Answer:
$7821.74
Step-by-step explanation:
Eva invests $6400 in a new savings account which earns 3.4% annual interest, compounded continuously.
We have to find the value of her investment after 6 years,
Now, using the formula for the compound interest we can get the value of her investment.
So, it will be
Dollars (Approximate)
{Rounded to the nearest cent} (Answer)
1/2 of 2 means you're taking a half of 2. Which 1.
Answer:
well the money doubles every 6 years but its only been 4 so
7,400 x 4 = 29,600
$29,600 is the answer