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Naily [24]
2 years ago
13

if 3000$ is invested at a rate of 12% compounded continuously, find the balance in the account after 5 years. Use the formula A=

Pe^rt​
Mathematics
1 answer:
Softa [21]2 years ago
8 0

Answer:

$5466.36

Step-by-step explanation:

This question is pretty cut and dry

just plug in the numbers

3000e^{5*.12}\\3000e^{.6}\\5466.356401\\5466.36

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