Question

Brianna invested $4,500 in an account paying an interest rate of 2.2% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 9 years?

Answer 1

There would be $13410 because 4500 x 0.22 x 9 = 8910
4500 + 8910 = 13410