Question

A person places $736 in an investment account earning an annual rate of 1.3%,

Answer 1

Answer:

  $755.39

Step-by-step explanation:

Put the numbers in the formula and do the arithmetic.

  V = P·e^(rt)

  V = $736·e^(0.013·2) ≈ $755.39

The amount in the account after 2 years is $755.39.