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Minchanka [31]
3 years ago
12

If you invest $4,500 in an account paying 2% compounded continuously, how much money will be in the account at the end of 4 year

s?

Mathematics
1 answer:
saveliy_v [14]3 years ago
7 0
Total = Principal * e^(rate*years)
Total = 4,500 * 2.718281828459^(.02*4)
Total = 4,500 * 2.718281828459^(.08)
Total = 4,500 * <span> <span> </span></span> <span> <span> <span> 1.0832870677 </span> </span> </span>
Total = <span> <span> <span> 4,874.79 </span> </span> </span>
calculator for checking the answer:
http://www.1728.org/compint.htm



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