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Reika [66]
3 years ago
12

if $500 is deposited in an account paying 5.25% interest compounded continuously find the amount in the account after 3 years

Mathematics
1 answer:
Nataly [62]3 years ago
7 0

Answer: 582.956

(round it maybe)

step-by-step explanation:

used the formula and put in the numbers in.

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Now let's set the equations equal to each other. Since they both equal y, we can set the opposite sides equal to each other.

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Now we want to find y by plugging x = 0 back into the equations.

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