Vin invested $6800 in an account with continuously compounded interest with a 7.3% interest rate. After 6 years, how much money is in the account?
2 answers:
Answer:
A≈10537, rounded to the nearest dollar.
Step-by-step explanation:
A=6800e^0.073⋅6
A=6800e^0.438
A=6800(1.549...)
A=10537.31
After 6 years, the amount in the account is A≈10537, rounded to the nearest dollar.
Answer:
29784
Step-by-step explanation:
since its compound interest u time it all and u move the decimal over to the left 2 times
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