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Alex
3 years ago
12

You invest $3,000 in an account that has an annual interest rate of 2.5%, compounded continuously. How much money will be in the

account after 5 years? Round your answer to the nearest whole number.
Please! I really need help with this one.
Mathematics
1 answer:
Anarel [89]3 years ago
6 0
Formula= amount=principal(1+rate/100)^time
a=3000(1+2.5/100)^5
a=3000(100/100 +2.5/100)^5
a=3000(102.5/100)^5
a=3000(1.025)^5
a=3000x1.131408212890625
a=3000x1.1314
a=3394
hope you understood
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