A person places $13900 in an investment account earning an annual rate of 2.8%, compounded continuously. Using the formula V = P

Question

2 years ago

12

A person places $13900 in an investment account earning an annual rate of 2.8%, compounded continuously. Using the formula V = P

e^{rt}V=Pe rt , where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 18 years.

Mathematics

2 answers:

Otrada [13] · Answer 1 · 2022-11-08T02:34:33+03:00

Otrada [13]2 years ago

7 0

Answer

hmm

Step-by-step explanation:

solmaris [256] · Answer 2 · 2022-11-08T04:31:33+03:00

solmaris [256]2 years ago

6 0

Answer:Can u explain more i odnt understand it pelase

Step-by-step explanation: