Question

Serenity invested $3,100 in an account paying an interest rate of 2.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 12 years?

Answer 1

Answer:

$4179

Step-by-step explanation:

3,100*.029= 89.9

89.9*12=1,078.80

3,100+1,078.80=4,178.80

4,178.80 rounded to the nearest dollar= 4179