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N76 [4]
3 years ago
13

Logan invested $180 in an account paying an interest rate of 2,6% compounded

Mathematics
2 answers:
Jobisdone [24]3 years ago
5 0

Answer:

250

Step-by-step explanation:

Compounded Continuously:

A=Pe^{rt}

A=Pe

rt

P=180             r=0.026              t=12

Given values

A=180e^{0.026(12)}

A=180e

0.026(12)

Plug in

A=180e^{0.312}

A=180e

0.312

Multiply

A=245.90784475

A=245.90784475

Use calculator (with e button)

A\approx 250

A≈250

Round to nearest ten dollars

please heart!

VVV        and pls rate stars!VVV                 :D          

Ksju [112]3 years ago
3 0

Answer:

A≈<u>250</u>

Step-by-step explanation:

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