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Oksana_A [137]
3 years ago
14

You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the

account after 7 years? Round your answer to the nearest whole number.
Mathematics
1 answer:
uranmaximum [27]3 years ago
6 0
$1100 x 1.021^7 = $1272 (whole number.)

the $1100 is the original amount of money put in the bank with the 1.021 being the interest rate. this was put to the power of 7 to represent the years the money will be in the account.
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Given exponential function:

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