SOLUTION: Bill had 8600.00 in a savings account on April 1. He then deposited 800.00 on May 5 and an additional 350.00 on June 20. Find the balance in the account on July 1 if the accounts p
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Question 134475: Bill had 8600.00 in a savings account on April 1. He then deposited 800.00 on May 5 and an additional 350.00 on June 20. Find the balance in the account on July 1 if the accounts pays 4% compunded coninuosly.
I am really stuck on this one. Please help. Answer by scott8148(6628) (Show Source):
You can put this solution on YOUR website! you need to use the continuous compounding formula [A=Pe^(rt)] 3 times; and then sum the results
