Question

You deposit $6000 in an account earning 5% interest compounded continuously. how much will you have in the account in 5 years?

Answer 1

Total = principal * e ^ (rate * years)
Total = 6,000.00 * 2.718281828^(.05 * 5)
Total = 6,000.00 * 2.718281828^(.25)
Total = 6,000.00 * 1.2840254166
Total = 7,704.15


Source:
http://www.1728.org/rate2.htm
calculator:
http://www.1728.org/compint.htm