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Pepsi [2]
3 years ago
8

Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%. How much will she have in the ac

count after 3 years? Round to the nearest dollar.
Mathematics
1 answer:
OleMash [197]3 years ago
6 0

Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%.

How much will she have in the account after 3 years?

1st year 4200 x 1.023 = 4296.60

2nd year 4296.60 x 1.023 = 4395.4218

3rd year 4395.4218  x 1.023 = 4496.5165

Round to the nearest dollar.

$4497

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