Question

Find the amount in a continuously compiunded account for the following condition. Principal, $4000; Annual interest rate, 5.1%; time, 2 years

Answer 1

A = P*e^(rt)

Here,

A = $4000*e^(0.051*2) = $4000*e^1.02 = $4000(2.773) = $11092.78 

Note:  This seems very high to me.