Question

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​

Answer 1

Answer:

$5466.36

Step-by-step explanation:

This question is pretty cut and dry

just plug in the numbers

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