SOLUTION: maria deposited $1200 in an account that paid 6 1/2 percent interest coumpounded continuously. how much money did she have in 8 years? (At=Pe^rt)

Question 147772: maria deposited $1200 in an account that paid 6 1/2 percent interest coumpounded continuously. how much money did she have in 8 years? (At=Pe^rt)
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
maria deposited $1200 in an account that paid 6 1/2 percent interest coumpounded continuously. how much money did she have in 8 years?
A(t) = Pe^rt
A(8) = 1200e^(0.065*8)
A(8) = 1200e^0.52
A(8) = $2018.43
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Cheers,
Stan H.

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