Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual

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2 years ago

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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).

Mathematics

1 answer:

Vikki [24] · Answer 1 · 2022-12-01T08:17:40+03:00

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).