Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual
rate of 10% compounded continuously on his investment. Find the bank balance assuming Ceasar leaves the account untouched for 8 years. Can you please do the problem using the formula A(t)=pe^(rt).
Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual rate of 10% compounded continuously on his investment. Find the bank balance assuming Ceasar leaves the account untouched for 8 years.
Can you please do the problem using the formula A(t)=pe^(rt).
