SOLUTION: find the balance (to the nearest cent) if $3680 is invested at an annual interest rate of 7.2% for 6 years, compound continuosly.

SOLUTION: find the balance (to the nearest cent) if $3680 is invested at an annual interest rate of 7.2% for 6 years, compound continuosly.

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Question 63852: find the balance (to the nearest cent) if $3680 is invested at an annual interest rate of 7.2% for 6 years, compound continuosly.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
find the balance (to the nearest cent) if $3680 is invested at an annual interest rate of 7.2% for 6 years, compound continuosly.
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A=Pe^(rt)
A=3680e^(0.072*6)
A=3680(1.540335...)
A=$5668.43
Cheers,
Stan H.
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