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BabaBlast [244]
3 years ago
9

You invested $4,200 into an account that pays an interest rate of 3.5% compounded continuously. What is the balance of your acco

unt in 5 years? Use formula
A=P e^rt
Mathematics
1 answer:
Nezavi [6.7K]3 years ago
6 0

Answer:

$5,003.23

Step-by-step explanation:

A = P x e^rt

   = 4,200 x (e^0.035 x 5 )

   = $5,003.23

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